Worth Noting: Development in bankruptcy; new sports store, nursery open
| Tuesday, Apr 28 2009 12:18 PM
Last Updated Tuesday, Apr 28 2009 12:22 PM
Loading Stories
Advertisement
Barcelona II LLC, Bakersfield developer Terry Moreland's 40-acre Wasco residential development, has filed for Chapter 11 bankruptcy protection.
Documents filed in bankruptcy court last week indicate that the company has debts of $10 to $50 million and assets of $1 to $10 million.
Moreland said Tuesday that the partially built project is "coming along fine," and that the bankruptcy will not affect his other development projects.
"It speaks for itself," he said of the filing. "It's a workout."
A sports resale store has opened in the southwest.
Retro Active Sports will sell used sports apparel and equipment at 5610 District Blvd.
"Bakersfield is such a huge sports town, but with the economy the way it is, families can't afford all the equipment, especially for kids who are going to outgrow it," said owner Carl Salyards.
At his 2,000-square-foot store, you can buy and sell gently used gear, trading up for larger sizes as as children get older, Salyards said.
The store carries exercise equipment and gear for all kinds of sports, including snow sports, baseball, football, in-line skating, golf and bicycling.
It opened April 6.
Green Twig Nursery Garden and Design Center has opened at 7405 Rosedale Highway between Patton Way and Henry Lane.
The one-acre nursery has seven employees and eventually will have a retail store, said Bunny Merchant, a designer there.
Merchant said she's "nervous, but more hopeful than nervous" about a new nursery's prospects in the current housing market.
"Our perspective on it is that people are traveling less, and instead of going somewhere they're going to put that money into their homes to beautify them and make them look like they're on vacation somewhere," Merchant said.
The nursery's owner is John Gamby. It opened for business April 11.
