Forest Lodge LLC: Difference between revisions

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(Created page with "{{Infobox Company | company_name = {{PAGENAME}} | logo = | type = developer | genre = | foundation = 2006 | founder = Hunter E. Craig | dissolved = | location_city = Charlot...")
 
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==Lawsuit==
==Lawsuit==
{{current}}
{{current}}
In 2011 Forest Lodge is seeking another $19.48 million in tax credits from the Commonwealth through a lawsuit.  
In 2011 Forest Lodge is challenging the amount of tax credits received, seeking another $19.48 million from the Commonwealth through a civil case in [[Albemarle County Circuit Court]]. At issue are varying appraisals used for the property; Forest Lodge claims a value of $87.7 million, against the Commonwealth's appraisal of $12 million.  


==Investors==
==Investors==
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==References==
==References==
* {{cite-hook|url=http://www.readthehook.com/101906/flip-flopped-biscuit-run-men-want-20-million-more-taxpayers|title=The flip that flopped: Biscuit Run men want $20 million more from taxpayers|author=Hawes Spencer|publishdate=12:16pm Nov 9th, 2011|printno=#1045|printdate=Nov 10th, 2011|accessdate=Nov 10th, 2011}}
* {{cite-hook|url=http://www.readthehook.com/101906/flip-flopped-biscuit-run-men-want-20-million-more-taxpayers|title=The flip that flopped: Biscuit Run men want $20 million more from taxpayers|author=Hawes Spencer|publishdate=12:16pm Nov 9th, 2011|printno=#1045|printdate=Nov 10th, 2011|accessdate=Nov 10th, 2011}}
 
* {{cite-cville|title=Biscuit Run update: Forest Lodge takes tax department to court|url=http://www.c-ville.com/Blog/This_Just_In/Biscuit_Run_update_Forest_Lodge_takes_tax_department_to_court/|author=Brendan Fitzgerald|pageno=|printno=|printdate=|publishdate=November 7, 2011|accessdate=November 11, 2011}}
[[Category:Development companies ]]
[[Category:Development companies ]]

Revision as of 10:35, 11 November 2011

Forest Lodge LLC
Type developer
Founded 2006
Founder Hunter E. Craig
Headquarters Charlottesville
Industry developer
Employees

Forest Lodge LLC is the company that purchased the Biscuit Run Farm with the intent to develop a new neighborhood.

Forest Lodge purchased the property in 2006 for $46.2 million, the largest land transaction ever in Albemarle County. In 2009 Forest Lodge sold the undeveloped land to the Commonwealth for $21.48 million in cash and tax credits, to create Biscuit Run State Park.


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Lawsuit

Ambox notice.png This article documents a current event. Information may change rapidly as the event progresses.

In 2011 Forest Lodge is challenging the amount of tax credits received, seeking another $19.48 million from the Commonwealth through a civil case in Albemarle County Circuit Court. At issue are varying appraisals used for the property; Forest Lodge claims a value of $87.7 million, against the Commonwealth's appraisal of $12 million.

Investors

Known investors in Forest Lodge include:

References