Down for the count? Don King’s Magnolia Park site headed to auction

A lender is aiming to deliver a knockout blow against boxing promoter Don King over a distressed 52-acre redevelopment site in Palm Beach County.  A foreclosure auction for the former jai alai fronton at 1415 45th Street in Mangonia Park is set for May 18 after Palm Beach County Circuit Court Judge Scott Kerner last month awarded a $42.5 million judgment in favor of an affiliate of Taylor Made Lending, a Pompano Beach-based hard money lender, court records show.  King and Taylor Made Lending’s attorneys did not respond to requests for comment.  Two entities managed by King that own the […]This article originally appeared on The Real Deal. Click here to read the full story.