Franklin-based billionaire Brad Kelley has acquired 207 acres in Williamson County for $18.6 million, Nashville Business Journal reports.
The lands sits at the site where Cool Springs Boulevard dead-ends into Mack Hatcher Parkway within the Franklin city limits.
Forbes estimates Kelley's net worth at $2.1 billion.
Read more here.
The lead singer of Better Than Ezra is leading a group that's organizing a two-day acoustic music and food festival at Franklin's Harlinsdale Farm complex. The goal is to feature artists from a number of genres and draw about 15,000 people. Michael Ackley at Franklin Homepage has more info.
Ward 4 Alderman Margaret Martin asked if the event will turn into another music festival like Bonaroo. Griffin responded by saying that "the 'B' word is a bad word for us."
"This Franklin festival skews older," he said. "We're not going for kids. There is no camping. This will suit the high-end atmosphere of Franklin."
Los Angeles-based Sky Zone is preparing to open its first Nashville-area indoor trampoline park early next year in part of the former Kroger store in Franklin's Williamson Square. Franchisee Chris Avery has leased about 20,000 square feet and tells Franklin Homepage he is aiming to open his doors in February.
The developers of a 228-unit apartment complex in the Columbia Avenue corridor south of downtown Franklin got the green light Tuesday night from the city's aldermen. The planned project provoked much criticism from residents concerned about more traffic in the area ahead of the widening of Columbia but saw the aldermen vote 5-3 in favor of the project. In the end, Alderman Dana McLendon summed it up most succinctly.
"Nothing is no longer a choice," McLendon said. "The only way the City of Franklin can deliver on zero additional traffic is to buy the property, condemn it, and do nothing with it. We cannot make zoning decisions based on anecdotal or individual experience. They don't need zoning, they have zoning now. There could be a Waffle House or another taco stand. If I was going to open a Waffle House, Columbia Ave. would be very attractive to me. There's lots of traffic and lots of rooftops. If you want less traffic, you should ask us to pick the apartments. The speakers asked me to make a choice that is not available to me."
Federal Deposit Insurance Corp. regulators in late July barred Art Helf, a co-founder and former chairman and CEO of Tennessee Commerce Bancorp, and Lamar Cox, who was at times chief administrative officer, CFO and COO at the failed bank, from holding any position of authority in a financial business under the agency's purview. Helf, on the left in our photo, and Cox are the second and third former execs of Tennessee Commerce to come under regulatory fire: Earlier this year, the FDIC said it was going after former CEO Mike Sapp for alleged breaches of his fiduciary duty. The orders against Helf and Cox, which were made public late last week, came after both men waived their right to a hearing on the FDIC's charges but neither admitted to nor denied those claims.
POSTDATA: WARRANTY DEEDS