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Observations and musings on Jacksonville Politics

Shipyards Developer Files Bankruptcy

From The Jacksonville Business Journal:

LandMar Group LLC, the company that had plans to build a grandiose $450 million mixed use project called the Shipyards on the Northbank that the city of Jacksonville now intends to foreclose on, has filed for Chapter 11 bankruptcy protection.

The Jacksonville-based residential development company was among 125 affiliates that filed along with its parent company, Charlotte-based Crescent Resources, in the Western District of Texas.

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