"I felt like we had an obligation to a contract that we signed that was a 4 year contract," says board member Michael Nesbit. "So, we had to do something and the board made a good decision today in my opinion."
The 4 Lake Board voted 4-1 in favor of the buyout. Officials say they may hire a consultant to help identify a new manager with a proven track record of attracting new industry.
Friday, November 18 2011, 05:33 PM CST
Special Report Videos
Asia stocks extend losses after big sell-off
BANGKOK (AP) -- Asian stocks continued to retreat today after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.