A federal bankruptcy court judge on Wednesday cleared the way for a creditor to foreclose on the controversial Bartram’s Walk development in Beaverdam.
The ruling by Judge George Hodges would typically be a prelude to developers Beaverdam Land Conservancy LLC losing control of the property in a foreclosure auction on the steps of the Buncombe County courthouse.
That could result in renewed efforts to sell lots in the mountainside development between Town Mountain and Wolfe Cove roads, although the market for home lots is probably even slower these days than the market for existing homes. ...
Neighbors hotly contested Beaverdam Land Conservancy’s development plans late last decade, raising concerns about traffic and the environmental impact of development on the property, much of which has steep slopes.Read the full article
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