The Williamson County Planning Commission has preliminarily approved plans by local development veteran Bob Parks to build 20 homes along old Hillsboro Road in northwest Franklin. The proposal had drawn the ire of local preservationists but they appear to have been unable to stop Parks. Instead, NewsChannel 5's Todd Walker reports, a number of them have agreed to rezone their properties to prevent future developments like Parks'.
Collierville-based Landmark Community Bank has signed a deal to take over the deposits and most of the loans of Cadence Bank's two local branches, Nashville Business Journal's Eric Snyder reports. The offices in Brentwood and Franklin are set to change hands next spring. Landmark, which will later this month open its first local office on Music Row, finished the first half with assets of $439 million and a profit of almost $1.9 million. The latter was up 70 percent from 2012.
The Heritage Foundation of Franklin and Williamson County has taken ownership of the so-called "old, old jail" on Bridge Street in downtown Franklin and plans to spend $1.5 million to renovate the roughly 70-year-old structure. The foundation's purchase was made with the help of FirstBank officials, who are also preparing to open a branch in the Five Points building where the foundation had been based.
“Our goal is to have gained the necessary regulatory approvals and to have the construction documents prepared by the end of the year. We’d like to begin the restoration project as soon as funds are raised,” said Heritage Foundation President Cyril Stewart. “The environmental studies have been conducted, and there were no significant implications for the site. Inside, our first objective is lead paint and mold abatement.”
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