Jackson Jambalaya

Careful, your Excellency. Acting as an incorporator or even a registered agent is routine legal work. But you know that. A lot of folks, including yours truly, have been vouching for Mr. McRaney since the Steadivest scandal came public. I see nothing here to change my view, or to cause me to be "disturbed."

I know that. However, look through all of that Steadivest stuff. Wolfe didn't do everything by himself. I'm not accusing Mr. McCraney of anything, others are doing that in lawsuits and it wouldn't surprise me if the feds are investigating that whole deal.

People are filing construction liens much more quickly than they did in the past. Everybody is antsy because of the economy. What was worked out with a handshake and a cup of coffee five years ago is now being handled with construction liens.

And for good reason - suppliers were burned, and they are not making the same mistakes twice.

This doesn't tell me they are about to fold, but it does tell me that cash flow isn't what they projected. I'm pulling for the development. Nobody needs or wants more half developed properties with heavy liens on them. There are enough of those out there already.

There are a lot of filings under the MTW Investment Financing, LLC

Most Recent

Agent Resignation
https://business.sos.state.ms.us/imaging/32903471.pdf

Lawsuits are being filed against Lost Rabbit now; it's just a matter of time.

Here's a link of a lot of builders over there, lots of research, so I will toss it to the gallery...

http://www.lostrabbit.com/builders-guild/

MTW is dissolved and has been since October of 2008.

At least Chad Knight is not on that list.

In the interest of equal time, or whatever, it appears that the once vaunted "Flowood Town Center" project is in foreclosure by Community Bank: http://media.iadsnetwork.com/contentitempdf/pdfs/120000/120884.pdf#Search="flowood%20town%20center"

Perhaps you should look into another Landrum development that is heavily mortgaged, Longleaf...
Word is that officials of the City of Madison met with an associate of Mr. Landrum this past Monday eventing and refused to allow changes to the Longleaf plat that could have significantly reduced the size of the lots, etc.

Interesting. The minimum sq. footage is 3500.

Where there is smoke there is fire...the minimums and quality would be significantly reduced...hear their debt load is forcing them to fire sale and shaft the bordering neighbors. Plus, ones behavior is generally consistent...lie about voting...lie about other things...

Apparently Cherry Deddens is not too happy right now and I can't say I blame her. Cherry Deddens bought a lot under the current guidelines. Landrum applied to the County to let him replat as you said, she found out and fired off a letter to the Board opposing because apparently they subdivided her lot without her knowledge.

Which is a freakin' shame to start with. That land is some of the prettiest in the metro area, why did it need to be developed? And how is sub dividing and building yet more french acadian cookie cutters going to help the market? I heard they were going to have an old-time n'hood market, with some kind of cafe or deli included so that it's a semi self contained commuinity. Good luck with that. What should've happened is sell the land to one buyer and build one house, if the Primos family really had to sell and if the land really had to be developed to begin with. Freakin' shame.

The subdivision was NOT denied by the City of Madison. The representative for Landrum asked that it be tabled. No vote or discussion ever took place. Saying otherwise is misinformation.

Deddens lot was not subdivided by Landrum or anyone else. You can't do that when you don't own the property. However, there is an issue with Deddens (and she is in the right on this deal) that will have to be worked out to her satisfaction before everything can proceed.

As for the financials, I have no knowledge of that.

Deddens' letter is accusing them of subdividing her property without her consent.

As far as I know, City of Madison was not involved in this issue, it was the County.

Apparently the project also got some TIF's, TIF's

The vote was 3-2 to permit the issuance of TIF's. You can guess how the vote went.

To use a term for an earlier post, what is a “freakin’ shame” is that the people of Madison County are not going to see the Livingston development finished because it would have been a great asset to the county and the area in which it is located. Chestnut Hill could be one of the most beautiful subdivisions in the state and I hope someone with the money to finish it and Livingston steps in to complete both. From what I’ve seen of Chestnut Hill, it would not be just another “cookie cutter” development. I has large wooded estate lots and the houses would be upper end and help keep the property values of that area up. What Landrum is trying to do in Longleaf is “cookie cutter” and will decrease the surrounding property values, and if I lived in that area, I would be raising hell at every City or County meeting I could to stop it.

Any Lost Rabbit updates? They owe us $50,000+ indirectly from Sept 2009, and are not paying their suppliers/vendors...

Lawsuit recently filed against them in Madison Circuit for half a mill by landscapers.