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Reload this Page Crescent Resources Files for Chapter 11! (Charlotte: property, business, selling)
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Western North Carolina The Mountain Region including Asheville
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Unread 06-11-2009, 05:32 PM
 
123 posts, read 274,559 times
Reputation: 45
Default Crescent Resources Files for Chapter 11!
Wow, if they can go belly up then I guess it can happen to any developer:

Crescent files for Chapter 11 relief | CharlotteObserver.com (http://www.charlotteobserver.com/business/story/707191.html - broken link)

I wonder what happens to the property owners in their developments. At least Crescent was really good about not selling their developments until they had some, or all, of the infrastructure in them.

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