Terry L. Saban of Tuscaloosa, Ala., the wife of Alabama football coach Nick Saban, has purchased nearly two acres of vacant land at Perkins Rowe for $750,000, according to documents filed at the city-parish Clerk of Court. The two tracts—0.94 acres and 0.85 acres—were contractually signed by Terry Saban as "sole member" of TLS Investments LLC, listed as a Louisiana company. However, the Louisiana Secretary of State lists Tuscaloosa as TLS' base of operations. Henry Perret Jr., the listed agent for TLS in Lafayette, declined to discuss any details of the sale or say what Saban has in store for the site. Nick Saban and Perkins Rowe developer Tommy Spinosa have done business together in the past, and were also revealed to be co-owners of Central Facilities LLC, which supplies chilled water to the mixed-use development's air-conditioning system. That connection was revealed when KeyBank National Association of Cleveland began the foreclosure process on Spinosa for unpaid loans in 2010. Spinosa, who is listed as manager of 5615 Associates LLC, which sold the land to Terry Saban, also declined to comment on the deal and plans for the site. —Adam Pearson Read more from
this is a bounce between for nick and tommy spinosa to keep some things from falling into spinosa's impending bankruptcy ..