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


Birmingham’s Good People Brewing To Expand Into Central Tennessee

Good People Brewing Company in Alabama, announced it will begin selling its selection of beers in central Tennessee. Partnering with Hand Family Companies, the Birmingham-based brewery will expand into Chattanooga, Clarksville and Cookeville.  “We’ve got a lot of love for Tennessee at Good People,” said Michael Sellers, who cofounded Good People in 2008 with his friend ... (click for more)

American Advertising Award Winners To Be Honored Feb. 20

The Chattanooga market’s best in advertising, as chosen by the AAF Chattanooga panel of judges, will be honored Saturday, Feb. 20 at The Camp House at the AAF Chattanooga American Advertising Awards celebration. The event recognizes and showcases the area’s "outstanding advertising creative work" for the previous year. The event begins at 6:30 p.m. with cocktails and passed ... (click for more)

Underground Fire Closes Several Downtown Streets

An underground fire closed severqal downtown streets late Sunday afternoon. At approximately 5:20 p.m.,  t he Chattanooga Fire Department responded to a reported fire in a man-hole at the corner of Chestnut Street and W. 8th Street. When fire companies arrived on the scene, they  found black smoke coming from an underground electrical service line.  The ... (click for more)

16-Year-Old Who Was Shot In The Head In East Ridge Dies

 Monserrate Ferrer, the 16 year old who  was shot in East Ridge on Friday , has died. Investigators will meet early next week with the Hamilton County District  Attorney's Office to discuss the case. The shooting that involved two juveniles was at the 4200 block of Bennett Road. Responding officers found a 16-year-old boy in the bedroom with a single ... (click for more)

Donna Horn: I'm Not A Good Ole Boy

Roy Exum continues to reload his poisonous pen.  Yesterday he wrote some untruths about me and some of the other board members that just happen to be educators as well.   For the record, one cannot run for school board if one is a teacher at the time of the election.   He said that I was still teaching when I was on the school board-not possible.  I retired in ... (click for more)

Roy Exum: Vote ‘No’ On Vouchers

I fully believe that public education in Hamilton County is the single most important opportunity that challenges us today. Over the weekend the new website for the ‘Chattanooga 2.0’ initiative went up and every parent who has a child in our public system should make it “required reading.” You can find it at www.chatt2.org. Please sign up for updates because a lot of us need to ... (click for more)