Sherwood Forest Faces Make-or-Break Situation -- State Grant Set to Fortify Once-Strong Neighborhood Hit by Rental Investors, Foreclosures

Summary

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It's an idyllic fall day in the middle of Sherwood Forest, with leaves fluttering down from towering oaks like golden confetti, as Andrew Glisson drives along Friar Tuck Road and Robin Hood Lane, stopping to greet neighbors out taking a walk or doing yard work.

"We feel like we have a community of neighbors that you just can't duplicate," says Glisson, president of the Sherwood Forest Neighborhood Association.

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Sherwood Forest Faces Make-or-Break Situation -- State Grant Set to Fortify Once-Strong Neighborhood Hit by Rental Investors, Foreclosures

But as he and other leaders acknowledge, this 63-year-old subdivision of nearly 1,200 homes in East Memphis - long a stable haven for middle- and working-class residents - is a neighborhood on the brink.

This year alone, at least 50 foreclosure notices have gone out to homes in Sherwood Forest, and another 52 houses are a...

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