Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, September 19, 1995 TAG: 9509190073
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
Woodhill Corp., operated by Roanoke Valley real estate developer T.D. Steele, is seeking a special exemption permit to build a golf course off U.S. 220 in Botetourt County.
County records indicate the 422-acre facility would be built next to Braemar subdivision north of Daleville. The property is zoned agricultural.
The project would be south of Botetourt Center at Greenfield, a proposed park, school site and industrial area. Steele could not be reached Monday for comment on his plan.
Woodhill in March filed for protection from its creditors in U.S. Bankruptcy Court, estimating its assets and liabilities each at more than $1 million.
Steele developed Tanglewood Mall and several apartment complexes in the Roanoke Valley.
- Associated Press
Caldor seeks haven
NORWALK, Conn. - Caldor Corp., the nation's fourth-largest discounter, filed for Chapter 11 bankruptcy protection, the latest regional discount retailer to succumb to fierce price competition from national chains.
The filing followed a downturn in sales over the past three months and Caldor's failure to get $100 million in financing it was seeking from its banks. The Norwalk, Conn.-based retailer said it plans to pay for merchandise for its 166 stores in 10 East Coast states with a $250 million loan commitment from Chemical Bank and $260 million from inventory sales.
- Bloomberg Business News
by CNB