Massive Palm Beach County tract to hit market as Don King’s jai alai fronton heads to bankruptcy
Don King is bobbing and weaving to avoid foreclosure on a massive Palm Beach County property. An entity linked to the legendary boxing promoter filed for Chapter 11 bankruptcy reorganization last week for the 53-acre jai alai fronton at 1415 45th Street in Magnolia Park, narrowly dodging a court-ordered foreclosure auction, the Palm Beach Post reported. The filing hits the pause button on a Taylor Made Lending affiliate’s $43 million foreclosure lawsuit brought against King, his business entities and DK Arena. The lender secured a final judgment in November after suing for foreclosure a year ago. The site was scheduled […]This article originally appeared on The Real Deal. Click here to read the full story.
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