The Atlanta Journal-Constitution
THE STORY SO FAR
Then
LakePoint was made to host sports tournaments — with its 12 basketball courts, eight baseball fields and 24 indoor volleyball courts. It bought the land in Bartow County in 2011, started building roads in 2013 and had its first games in the summer of 2014. About a year and a half ago, LakePoint sold much of its land to its investor group because it wasn’t making as much money as expected.
Now
That investor filed Chapter 11 bankruptcy paperwork on Monday. The reorganization means the ball will be in the court of Rimrock, the California investment group, as for the future of LakePoint.
Next
Rimrock has said there will be no changes in current services around LakePoint. A current roads project on the yetdeveloped north side of the property will be done in spring 2019.