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	<title>Charlotte Real Estate, Development, and Construction News: Mecklenburg Times &#187; Donnie Loftis</title>
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		<title>Bank Bailout: CommunityOne takes control of failed subdivision site from Gaston commissioner&#160;</title>
		<link>http://mecktimes.com/news/2011/10/11/bank-bailout-communityone-takes-control-of-failed-subdivision-site-from-gaston-commissioner/</link>
		<comments>http://mecktimes.com/news/2011/10/11/bank-bailout-communityone-takes-control-of-failed-subdivision-site-from-gaston-commissioner/#comments</comments>
		<pubDate>Tue, 11 Oct 2011 21:25:56 +0000</pubDate>
		<dc:creator>Scott Baughman</dc:creator>
				<category><![CDATA[Banking and Finance]]></category>
		<category><![CDATA[Construction and Real Estate]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[CommunityOne Bank]]></category>
		<category><![CDATA[Donnie Loftis]]></category>
		<category><![CDATA[Gaston County]]></category>
		<category><![CDATA[Joe Carpenter]]></category>
		<category><![CDATA[Kings Pinnacle]]></category>
		<category><![CDATA[Pinnacle Woods]]></category>
		<category><![CDATA[Tony Plath]]></category>
		<category><![CDATA[University of North Carolina at Charlotte]]></category>

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		<description><![CDATA[Joe Carpenter made his living cutting grass with his own landscaping business. This month, the 75-year-old Gaston County Commissioner is just cutting his losses. Instead of foreclosing, CommunityOne Bank accepted land from Carpenter meant for two failed subdivisions: Kings Pinnacle and Pinnacle Woods. The roughly 190 acres taken over by CommunityOne via a deed in [...]]]></description>
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