ECNN reached out to Excalibur Funding LLC in regards to the termination of the contract with the owner of the River Country Chevrolet property.
A spokesperson for Excalibur Funding said –
“The Owner of River Country informed Excalibur funding LLC that they have another party with a strong interest in purchasing the River Country Chevrolet property. As a result of the local community’s concerns, a contract extension issue, and the seller stating he had another business who would purchase the building, Excalibur decided to terminate the contract and allow the seller to pursue the other Buyer which should allow another business to come to Thayer and occupy the property. This will hopefully bring jobs and revenue to the city.
If another business comes into the River Country Chevrolet property it would certainly accomplish what the City Council, Economic Development and Excalibur are all trying to accomplish in the first place. The city council did not decide to terminate or break their agreement with Excalibur but Excalibur decided to terminate within the 30-day deadline based on the circumstances.”
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