NeXovation blames lender in Superspeedway morass; Dover in talks with others

The planned sale of Nashville Superspeedway to locally based NeXovation has fallen through, but NeXovation CEO Robb Sexton says he's not giving up. He says a big reason his team hasn't closed on its $46 million deal is that its lender hasn't followed through and, as such, caused lengthy delays. Now that the Dover deal has expired, NeXovation can look for other funders to back its plans.

"We have invested millions of dollars in the Speedway sales process and we are not going to allow the negative actions of others to deter us from our goal," Sexton said in a statement issued late Friday.

SEE ALSO: Dover's new 10-Q, in which execs say they are in talks with other potential buyers

Aug 3, 2015 11:54 AM

Bank wrap: Commerce Union profits, F&M building plans

Newly public lender pushes NIM above 4%
Jul 31, 2015 10:29 AM

NHC, Maury Regional to break ground on nursing center

Murfreesboro-based National HealthCare Corp. will break ground this week on a 112-bed skilled nursing center in Maury County.

The new Columbia facility is a joint venture between NHC and Maury Regional Medical Center and represents an $18 million investment. Last October, NHC began work on a similar facility in Bellevue. NHC Place at the Trace is expected to open next spring.

Shares of NHC (Ticker: NHC) were $62.80 Monday afternoon. Year to date, they're flat.

Jul 28, 2015 6:45 AM

Berry Farms eyed for Hampton Inn, office building

Franklin-based developer Boyle Investment Co. is targeting an office building and a Hampton Inn & Suites hotel structure for its mixed-used Berry Farms development, The Tennessean reports. 

The 250,000-square-foot Class A office building (pictured here), to be called The Offices at Town Center, will be the 600-acre development’s first structure of its type. Construction could start this fall, according to the morning daily.

A fall groundbreaking also could be on tap for the 123-room Hampton, to be developed by Chartwell Hospitality. That entity recently finished it Hilton Garden Inn in SoBro.

Jul 24, 2015 1:38 PM

Barbecue joint headed for downtown Franklin

The team behind Alabama-based Moe's Original Bar B Que has begun working on its second Middle Tennessee location, the downtown Franklin site formerly home to both a Copper Kettle outpost and Uncle Bud's Catfish Shack. The restaurant is expected to open its doors around Labor Day and be able to house 85 people inside and another 50 on a patio. Check out more info here.

Jul 24, 2015 12:48 PM

Looney staying in Williamson County

Mike Looney will remain in Williamson County, turning down a more lucrative contract from Metro.

My family and I are humbled by the support and prayers we have received over the past few weeks.

The support from the Williamson County community, including parents, former parents, students, Williamson Inc. and the business community, and Williamson County Schools employees has been overwhelming. I also appreciate the support of the Williamson County School Board members who have worked with County Mayor Rogers Anderson and Williamson County Commissioners.

I want to thank the Metropolitan Nashville Public Schools Board of Education for allowing me to get to know them and for allowing me to explore the opportunity of working for boys and girls in Nashville. I was impressed with the warm reception I received. It is evident the Board’s focus is on student success, and I am encouraged about the future of MNPS.

After careful consideration, I have made the decision to remain in Williamson County Schools in order to continue our journey to becoming a district recognized nationally in the academics, athletics, and the arts.

Jul 24, 2015 8:19 AM

F&M Bank set to sell

Prominent regional business executive Gaylon Lawrence has agreed to buy F&M Bank in Clarksville, which has about $860 million in assets and last year produced $5.3 million in profits. Click here to read more at The Leaf-Chronicle courtesy of Jimmy Settle, who talked to an upbeat F&M President and CEO Sammy Stuard.

“Through this merger the bank stays fully intact in Clarksville, Tenn. There are going to be no changes in employment or anything,” Stuard said. “Actually, nothing changes except the owner. Our existing board of directors also stays intact, although there may be some additions to the board over time.

Lawrence also is a backer of Tennessee Bank & Trust in Williamson County and is helping John Eakin build his 1201 Demonbreun office tower in The Gulch.

Jul 24, 2015 7:47 AM

Rehab on the way for Franklin Public Square landmark

First Tennessee to sell building but remain as tenant
Jul 23, 2015 3:13 PM

Franklin Synergy adds 'Boro commercial banker

35-year industry pro had been working special assets at First Tennessee
Jul 21, 2015 3:00 PM

IRS hiring for Cool Springs site

The Internal Revenue Service is looking to add 55 people to its tax return processing staff on International Drive in Cool Springs. The full-time seasonal positions are expected to be for six months starting in mid-December but could be extended. The salaries will range from about $32,000 to more than $41,000.

Jul 21, 2015 10:44 AM