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Developers update IDB on The Bend; board presses on new debt, right of first refusal and communication
Summary
Urban Story Ventures told the Industrial Development Board it has delivered substantial infrastructure at The Bend and secured permits for a marina, amphitheater and other vertical investment; board members pressed the developers on newly filed deeds of trust, the IDB's right of first refusal and a lack of proactive communication, and asked counsel to review legal protections.
Developers for The Bend told the Industrial Development Board they have delivered major infrastructure and private investment while board members raised questions about new financing, protective language in the development agreement and the flow of information to the board.
Michael Wright and Jimmy White of Urban Story Ventures described work on the 120‑acre Bend site, saying the team has delivered five city blocks of infrastructure, attracted roughly $250 million in private investment to date and secured permits from TVA and the Army Corps to extend harbor limits 150 feet for a commercial marina. "We completed that infrastructure in December 2025," White said, and added the developer expects to break ground on marina work before Dec. 1.
White also described ongoing partner and financing changes and said he now controls "91% of…
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