published Thursday, December 13th, 2012

Business Briefs: Foy retires from CBL & Associates

Foy retires from CBL

Longtime Chattanooga executive John N. Foy is retiring from CBL & Associates Properties Inc. after 44 years with the shopping center company and its predecessor.

Foy leaves as an officer and vice chairman of CBL's board, the company said. He'll remain through the year to assist in the transition.

"Since John first joined my family's shopping center development company in 1968, his foresight and expertise has ensured that we were always in a position of financial strength and able to pursue new growth opportunities," said Charles B. Lebovitz, CBL chairman.

Foy said the decision to retire isn't easy, "but I feel that we have a great management team in place to continue CBL's track record of outstanding growth."

Carmike opens BigD theater

Carmike Cinemas, Inc., will open its 14th "BigD" three-dimensional theater at 7 tonight at Bradley Square Mall in Cleveland, Tenn. The new 12-screen theatre complex will seat more than 2,300 people and features the acclaimed "BigD" auditorium with DLP digital projection and digital sound.

"We're providing the ultimate entertainment experience that centerpieces large format Digital with bigger screens, bigger and better sound and the finest in-theater seating for cutting-edge presentation," Carmike President David Passman said. A similar BigD theater opened earlier this year at the Magestic 12 theater in downtown Chattanooga.

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