Allen Casey Faces Lawsuit By River Barge Investors

Saturday, September 20, 2008

Developer Allen Casey is facing a Chancery Court lawsuit from investors in a $30 million Northshore development he announced on 9.4 acres along Manufacturers Road in 2002.

The suit by John and Barbara Winesett, Roy Roach and Gregory Hellwig of Hamilton County and David Debter of Catoosa County, Ga., said Mr. Casey has since sold about half the property, including tracts he pledged as collateral for their loans.

Mr. Casey, who launched the Chattanooga Choo Choo in the 1970s, in 2002 said the project would include an 8-story AmeriSuites hotel and a floating steakhouse restaurant on a barge. Condominiums would be added later, he said.

The suit says Mr. Casey in January sold three tracts at the site to Jackson Wingfield.

The plaintiffs said they loaned Mr. Casey $555,000 for the project. They were to be given shares in the development.

The total indebtedness on the loan now stands at over $1.5 million, counting the 10 percent interest per year interest, according to the suit filed by attorney L. Blair Bennington.

They are asking a judgment for $550,000 plus interest at the rate of 10 percent per year.

The


Barn Wood Helps Convert Abandoned Grocery To Law Office On Cherokee Boulevard

When Tennessee law firm Davis, Kessler & Davis decided to expand by opening an office in Chattanooga, they considered many things most businesses would consider: location, accessibility, parking and one other thing - how some old Tennessee barn wood would look on the outside and inside of an old grocery store.   Residents couldn’t miss it every time they drove down ... (click for more)

Chattanooga Chamber Presents Business Calendar For April 24-28

MON/24 Ribbon Cutting for Oracle Wealth Management 10-10:30 a.m. Oracle Wealth Management: 6111 Shallowford Rd, Ste 101 Join the Chattanooga Chamber for a ribbon cutting at Oracle Wealth Management.   TUES/25 LCAA AM Regathering 7:30-9 a.m. The Camp House: 149 East ML King Boulevard Free.   TUES/25  ... (click for more)

Severe Storms Rake Chattanooga Area; Flash Flooding Possible

Severe storms raked through the Chattanooga area on Saturday. Sale Creek was one of the hardest hit areas. Storm damage on Cooper Road included two crushed cars. Trees were on homes and railroad tracks that are the main line between Chattanooga and Cincinnati. Cooper Road is near Lake Chickamauga. There was also damage along Providence Road at Sale Creek. ... (click for more)

Body Believed To Be A Woman Is Found On Lookout Mountain

Hunters found a decomposed human body on Saturday afternoon in a remote area off High Road, Cloudland, Walker County. Law enforcement believes the unidentified remains to be a female. It appears the body may have been at the location for four weeks. On March 19, a vehicle was found abandoned on private property in close proximity to where the body was located ... (click for more)

No Tax-Supported Entity Should Get Secrecy In Spending

A shadowy situation has emerged in Chattanooga with an organization that manages millions of taxpayer dollars with no transparency and such a surprising disregard for accountability that one wonders what it would take to wake up elected officials who are supposedly in charge. Welcome to the Chattanooga Area Convention and Visitors Bureau, whose lawyer threatened to sue the ... (click for more)

Roy Exum: Is Dr. Edwards The One?

Just hours after the chairman of the Hamilton County School Board emailed a list of 14 candidates on Friday afternoon to be considered as the next Superintendent of the 42,000-student system to the other board members, Dr. Nakia Edwards, an Assistant Commissioner with the Tennessee Department of Education, became the early “common sense” favorite. And, at first glance, she has ... (click for more)