It appears the deal to sell off a major portion of the Alan Jay Automotive network to LMP Automotive Holdings is off. The website F&I and Showroom is reporting the acquisition of the Sebring operation was one of seven pending purchases that were called off due to an inability to secure financial commitments.
Other deals that were part of the move by LMP included dealerships in New York, Tennessee and Texas.
It was in September of last year that the e-commerce and facilities-based automotive retailer announced plans to acquire an 85-percent share in the Alan Jay Network.
An Avon Park woman was critically injured yesterday in a 2-car crash that closed Highway 17 for several hours. Florida Highway Patrol reports indicate the woman failed to yield the right of way at the intersection of Beacon Street and State Road 17 and was hit by a truck towing a trailer.
The driver of the truck suffered no serious injuries. No citations have yet been written in the incident.
Sebring city council members last night approved the budget for a planned waterfront district on the shores of Lake Jackson – where the Alan Altvader Cultural Complex now sits. Proponents of the measure now say they will phase in the project, with a projected cost of just over $6.3 million dollars.
The plan reportedly will not raise taxes on the citizens of Sebring.
One part is the destruction of the Jack Stroup Civic Center. Council members say the Sebring Women’s Club may be used instead.
It’s been a while, but this year’s Stan Durrance Fan of the Year honors at the Sebring International Raceway goes to a local guy. Lake Placid’s Crag Sowers has been tapped as Sebring’s number one fan for 2022.
Around Sebring, Sowers is better known as "Big Cow." He’s one of the original members of the "Almost World Famous Sebring Cows," having been with the herd since 1993.
2022 is also a special year for Sowers, as it marks his 50th trek to the grand prix of endurance.