published Wednesday, November 23rd, 2011

Rarity Club developer ordered to pay Chattanooga home builder $5.8 million

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    Staff Photo by Dan Henry Bill Worley speaks about being the only builder working to complete a $1.6million residence in Rarity Club on Nickajack Lake, a high end golf community, where development has stalled. Worley's home is one of two currently standing on the 578-acre project.

The developer of the failed Rarity Club development on Nickajack Lake has been ordered to pay a Chattanooga home builder nearly $5.8 million for not fulfilling promises for a golf course and luxury lakefront resort.

A Marion County Circuit Court jury ordered that Mike Ross and his Rarity Communities pay nearly $1.9 million in compensatory damages and nearly $3.9 million in punitive damages to Bill Worley Construction Co. Worley acquired several lots and built a luxury home on Nickajack Lake in what was to be a 578-acre luxury residential development. But Worley and others who bought the lots said they were unable to sell the properties or build their homes because Ross never completed the promised amenities for Rarity Club.

Marion County Circuit Court Judge Buddy D. Perry on Monday ordered Ross, Rarity Communities Inc., and Nickajack Shores Holdings LLC to pay the judgment following a week-long jury trial. The court judgment is believed to be one of the biggest ever in Marion County.

Worley declined immediate comment this afternoon and Ross could not be reached for comment.

Ross is also being sued by other property owners at Rarity Club and by Chattanooga developer John “Thunder” Thornton, who sold the property to Ross but claims he was never paid the full amount he was due.

about Dave Flessner...

Dave Flessner is the business editor for the Times Free Press. A journalist for 35 years, Dave has been business editor and projects editor for the Chattanooga Times Free Press, city editor for The Chattanooga Times, business and county reporter for the Chattanooga Times, correspondent for the Lansing State Journal and Ingham County News in Michigan, staff writer for the Hastings Daily Tribune in Nebraska, and news director for WCBN-FM in Michigan. Dave, a native ...

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riverman said...

Good luck collecting.

November 23, 2011 at 4:59 p.m.
librul said...

Thornton and Zack Wamp should both be in jail for defrauding the people of the United States out of resources taken by TVA through eminent domain ostensibly for the PUBLIC good - never for private profit. Developers getting hosed in a circus of fraud and land rape is amusing but is overshadowed by the waste and offensive arrogance shown to our people by these fraudsters.

November 23, 2011 at 11:44 p.m.
Echo said...

Manure bag developers. Give Mike Ross a medal for screwing a developer. I'm not one of these people to blame someone for being financially successful, or using the money to buy what they want, except when it entails the shady transference of land to a developer for ...wait for it....A golf course? Crappy McMansions?

All you empty nesting jerks that need a 5000 sq foot home with its own golf course should move to Las Vegas where the vanity homes are cheap and plentiful. You should be able to find one with cheap MDF roofing under layment and a big open entryway that provides no living space but requires massive energy to heat and cool. Your UPS delivery guy will be so impressed, he might just service your neglected, HSN shopaholic old lady right there in your personal cathedral while you are on hole 3. That's what brown can do for you.

We won't miss you and you can have your 72 hole golf course and get skin cancer and die out there with the vultures circling overhead and you bones bleaching by the sun next to your $400 driver.

Meanwhile please realize that the foothills of the Appalachians are unique and deserve better than conversion to satisfy useless pastimes so easily accommodated by any piece of land. Additionally, as this land was dubiously acquired, it does not deserve the right of private property, despite the corrupt politicians and puppet courts indicating otherwise.

We get what we deserve when we fail to identify and vote away from the people who make these absurdities possible.

November 24, 2011 at 8:46 a.m.
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