Mayor: Downtown Lubbock growth to remain strong regardless of Re

Mayor: Downtown Lubbock growth to remain strong regardless of Reagor-Dykes future

Posted: Updated:
LUBBOCK, Texas -

The lawsuit Ford Motor Credit filed against Reagor-Dykes Auto Group and owners Bart Reagor and Rick Dykes claims Reagor made physical threats of violence against Ford representatives. 

In the lawsuit Ford claimed Reagor-Dykes owes the auto company's financial branch more than $116 million, $41 million of which is currently delinquent. 

ORIGINAL STORY: Ford Motor Credit sues Reagor-Dykes; R-D files for chapter 11 bankruptcy

According to the filing Ford representatives attempted to discuss the results of its audits at all of the Reagor-Dykes dealerships with Reagor. Ford was asking the dealerships to pay the amounts due when Reagor reportedly became enraged and began screaming at the auditor, then made the threat.

The suit states the threat was reported to management and, as a result, Ford sent its corporate security team from Dearborn, Michigan to meet with Reagor and co-owner Rick Dykes. 

The lawsuit requests Reagor be ordered to refrain from threatening, harming, or otherwise interfering with any of the creditor's representatives doing their jobs. It also asks the court that Reagor be ordered off the premises of any and all of the Reagor-Dykes dealerships at any time Ford representatives are present.

Given the legal troubles and bankruptcy filings, some wonder what happens with the money Reagor invested in downtown redevelopment.

"As it relates to all the other investors and business and construction that is going on with the many property owners and business owners, the many residents that go here, is going to continue," said John Osborn, CEO and President of Lubbock Economic Development Alliance.

Osborne and Mayor Dan Pope are in confident redevelopment will continue despite the potential loss of a huge revenue generator and investor for the city.

"You don't have concentration risk, you know, it's not all on one business or one investor," Pope said. "You've got a lot of retail, small business, attorney's offices, construction firms, residential, brew pubs, whatever it may be, entertainment, there's a lot of that and it's flourishing and growing in downtown."

He said he is hoping the company can resolve their financial issues quickly.

"Certainly Reagor-Dykes has contributed greatly to downtown and that's something we appreciate and we hope that they're able to do so in the future but I think downtown will move forward."

Reagor-Dykes' executives are expected to be in court next week for a hearing.

  • Top StoriesTop StoriesMore>>

  • Good Day Lubbock: Monday October 21

    Good Day Lubbock: Monday October 21

    Good Friday morning, here is what's on Good Day Lubbock this morning 5-9 a.m. on FOX34. Click here - to watch Good Day Lubbock live right here. Tornado hits Dallas Part of Dallas is badly damaged after a tornado touched down last night.Warnings extended i
    Good Friday morning, here is what's on Good Day Lubbock this morning 5-9 a.m. on FOX34. Click here - to watch Good Day Lubbock live right here. Tornado hits Dallas Part of Dallas is badly damaged after a tornado touched down last night.Warnings extended i
  • WATCH LIVE: Good Day Lubbock

    WATCH LIVE: Good Day Lubbock

    Watch Good Day Lubbock live right here.

    Watch Good Day Lubbock live right here.

  • Esper discusses keeping small US force in northeast Syria

    Esper discusses keeping small US force in northeast Syria

    Sunday, October 20 2019 1:34 AM EDT2019-10-20 05:34:00 GMT
    Monday, October 21 2019 9:03 AM EDT2019-10-21 13:03:58 GMT
    (AP Photo/Maya Alleruzzo, File). FILE - In this Sept. 6, 2019 file photo, U.S. soldiers survey the the safe zone between Syria and the Turkish border near Tal Abyad, Syria, on a joint patrol with the Tax Abyad Military Council, affiliated with the U.S....(AP Photo/Maya Alleruzzo, File). FILE - In this Sept. 6, 2019 file photo, U.S. soldiers survey the the safe zone between Syria and the Turkish border near Tal Abyad, Syria, on a joint patrol with the Tax Abyad Military Council, affiliated with the U.S....
    (AP Photo/Maya Alleruzzo, File). FILE - In this Sept. 6, 2019 file photo, U.S. soldiers survey the the safe zone between Syria and the Turkish border near Tal Abyad, Syria, on a joint patrol with the Tax Abyad Military Council, affiliated with the U.S....(AP Photo/Maya Alleruzzo, File). FILE - In this Sept. 6, 2019 file photo, U.S. soldiers survey the the safe zone between Syria and the Turkish border near Tal Abyad, Syria, on a joint patrol with the Tax Abyad Military Council, affiliated with the U.S....
    Defense Secretary Mark Esper says that under the current plan all U.S. troops leaving Syria will go to western Iraq, and that the military will continue to conduct operations against the Islamic State group to...
    Defense Secretary Mark Esper says that under the current plan all U.S. troops leaving Syria will go to western Iraq, and that the military will continue to conduct operations against the Islamic State group to prevent a resurgence in that country.
Powered by Frankly
All content © Copyright 2000 - 2019 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.