Nashville Project Developer Bankruptcy

Developer of dormant Wade Park files for bankruptcy protection in Nashville project

The developer behind the stalled, $2 billion Wade Park project in Frisco has filed for bankruptcy protection on a major venture in Nashville.

Stan Thomas, founder and CEO of Atlanta-based Thomas Land & Development, opened a Chapter 11 bankruptcy case on Oct. 11 for part of his property at the $1 billion Ovation project in Nashville, according to the Nashville Business Journal, a sister publication to the Dallas Business Journal.

Chapter 11 means a business remains open and operating while reorganizing its finances.

Ovation, like Frisco’s Wade Park, is being developed by Thomas and is dormant, with a series of foreclosures dating back months.

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Buildings - Nashville Project Developer Bankruptcy

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