Major League Football failed to make its rent payment in March, April, May and June.
Dan Perka, chief counsel for the Lakewood Ranch developer, said Thursday that SMR hopes there will still be a happy ending to the story.
We have gotten a lot of optimistic replies from them. They have sent us a copy of a letter from a funding group in the Far East, pledging $20 million and saying the money will be wired, Perka said. We are trying to work with Major League Football to keep their plan going, but felt that we needed to protect ourselves.
Turn out the lights. The party's over.