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| Colby Davis goes over sale documents with Master Commissioner Rebecca Johnson, who was in charge of the public auction. |
The sale was ordered to settle a Byline Bank of Chicago lawsuit over a defaulted business loan involving Coffer Stores Inc. and multiple associated parties. The Davises bought the building, lumberyard, two storage buildings, a nearby residence and the store’s remaining contents.
For months, Colby Davis has pitched plans for an indoor sports complex to the local economic development corporation, tourism commission and other public groups, seeking support for the project. He previously purchased undeveloped land adjacent to Marion-Crittenden County Park.
Just under 35 people attended the sale, conducted by Buntin Auction Co., but only two entered bids, including Davis.
For more details, see next week’s full edition of The Crittenden Press.
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