Wednesday, August 19, 2009

LakeWatch Developer Files for Chapter 11

Smith Mountain Lake developer Edward “Trey” Park has filed for Chapter 11 bankruptcy in federal court in Roanoke, listing more than 100 creditors, according to WSLS-TV in Roanoke.

Park recently agreed to diminish the size of LakeWatch Spa and Resort, which had neighbors upset. He lists debts at more than $50 million and assets at between $10 million and $50 million.

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