Tough times in the sewer business

July 14, 2009 9:11 am

by Erick · 6 comments

Given who all is involved, I expect this will become much bigger news.

Bank of North Georgia has filed suit against the developers of a Lumpkin County sewer plant whose investors include several high profile Forsyth County residents and former public officials.

In the civil lawsuit, filed Monday in Forsyth County Superior Court, the bank cites WRF Georgia for breaching a loan contract. WRF’s investors include four former elected officials — Mike Evans, John Kieffer, Paul Kreager and Clint Day.

The suit asks WRF to pay the remaining principal balance due of more than $1.9 million, in addition to future interest, late fees, attorney fees and costs.

{ 6 comments }

GOPGrassroots July 14, 2009 at 11:27 am

Maybe that’s why Lobbyist Mike Evans is running for Congress, to increase his salary (over what he’s being paid by the county), so that he can pay his bills.

Wow.

Icarus July 14, 2009 at 11:27 am

Countdown to ProveIt’s response in 3, 2, 1….

Dantes July 14, 2009 at 11:31 am

I don’t see what the story is here. Sounds like a bunch of folks had an investment go bad. I hate it for them. My investments have taken a huge hit too.

I doubt anyone in this race is doing well financially. I doubt anyone in any of the races this year are doing well except maybe Roy Barnes cause he sues people for a living.

GOPGrassroots July 14, 2009 at 11:31 am

Lol, Joel’s too busy trying to figure out how to turn this into an attack on Bill and Tom.

:-)

drjay July 14, 2009 at 11:40 am

and overlooking it as an obvious attack on the ox?

steelfist July 14, 2009 at 12:57 pm

Mike needs to take care of his issues at home first. Clearly he’ll be pre-occupied with his own business failures instead of devoting time to the issues facing 9th District constituents.

Comments on this entry are closed.