A Marion car dealership closes its doors after 41 years in business.
22 people including the owner will lose their jobs.
Owner Tommy Calhoun tells News 13 the property is worth 1.6 million dollars.
But Ford Motor Credit, which holds the mortgage has demanded Calhoun to refinance the $850,000 balance.
He says he can't find a bank to do it.
Marion city officials say the closing is an economic blow not only to 22 families, but to the city, which will lose tax and utility revenue.
Dealership Closing
Posted: Thursday, October 29 2009, 04:34 PM CDT
