Judges Ruling Moves Beale Street Development Forward

U.S. Bankruptcy Court Judge Jennie Latta ruled that Performa Entertainment Real Estate Inc., which has managed and developed city-owned properties since the renovated Beale Street Entertainment District opened in 1983, is not in default of its sublease with the Beale Street Development Corp. With the ruling, Performa can now reassign its lease to the city of Memphis. The Memphis Daily News has the story.