this is based on assumption that IRG+sports entertainment operates PBIR. i could not find a date or article on sale of PBIR to IRG.
here's an announcement from 10/2014 of IRG partnering with private investment firm in NYC to do a finance deal with cordova dragway.
the group already had PBIR in their portfolio.....see 2nd paragraph of article
IRG Sports + Entertainment™ (IRG) President & CEO, Jason Rittenberry, announced today that the Company has entered into a finance agreement with T...
www.racepbir.com
next article: 'controversial redevelopment of PBIR'......portman holdings buys PBIR from 6th St. Lending. the same private investment firm that did deal with IRG back in '14 for cordova
and who already had control of PBIR.
article goes onto to say portman holdings will develop 4 warehouses...... my .02 guess is only 1 of them will be walmart.
this is not a walmart deal. this is a private investment firm in NYC who controls PBIR who sold out to atlanta based portman holdings
www.portmanholdings.com
it would seem that perhaps 'walmart' name has been hung on this story, but they are not the direct cause of it?; although they could have certainly let it be known they are in
the market for a new distribution center in the area.
the land PBIR is on is not for one warehouse, but for multiple warehouses. the value of PBIR's 220 acres suddenly comes into focus.
all so they don't have to clear forest and bring in fill and infrastructure.
makes me want to puke.