Monday, December 23, 2013

Singer Montgomery’s Restaurant to be Sold


A central Kentucky restaurant run by singer Eddie Montgomery is set to go on the auction block in January to settle $12.7 million in defaulted loans.

Central Bank & Trust of Lexington won a judgment against Eddie Montgomery's Steakhouse in Harrodsburg over unpaid loans and forced the auction, set for January 10 in Harrodsburg.

According to reports the bank sued Montgomery and his ex-wife, Tracy Nunan, in Boyle Circuit Court earlier this year, claiming the couple owed money on loans related to the business.

Montgomery is half of the country music duo Montgomery Gentry, which had a string of hits between 1999 and 2008, including My Town, Gone and Daddy Won't Sell the Farm.

The restaurant opened in late 2009 but closed in early May