Villages purchased in bankruptcy court

The demise of The Villages Resort on Norris Lake seemed inevitable, yet the most recent purchase of the property by Emerson Properties LLC may give a small amount of hope to what some imagined was a lost cause.

On Feb. 11, Emerson Properties largest shareholder MIROBO LLC joined countless others in Orlando to place bids at the auction of Land Resources developments. Land Resources, developer of The Villages, has been in the process of filing for bankruptcy for several months.

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