Murfreesboro's Three Rivers development files bankruptcy - Austin Business Journal:

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The company was developing Three a residential community of more than 600 homees that includes an assisted livinvg center and a shopping cented at Highway 99 andCason Lane, says Murfreesboro city engineer Sam Huddleston. City records show constructioj permits have been issued for abouy 70 homes and 20 So far, 198 lots have been recordedx as developed and ready to be sold to Construction of the community began in and the first homes were starterd in 2006, Huddleston says. Two miled of roads have been builtg to servethe development.
The bankruptcy, which was files June 30, lists Clair Vanderschaaf as the chietf manager of Three Rivers of of Memphis is the largest unsecured creditor and is owedabour $142,400, according to the bankruptcy Inc. of Nashville is the secondr largest unsecured creditor that is owednearlt $137,000.