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.
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 ...