Tony Townley is one of the cofounders of Zaxby’s a chain of fast casual restaurants. There are more than 900 locations in 17 states. Goldman Sachs acquired a major stake to help accelerate growth in 2020. Zaxby’s has concentrated on selling chicken fingers and wings with special sauces in the Southeast.
This story is about what Mr. Townley and his wife Elizabeth have done with some of the wealth generated by the phenomenal growth of the restaurant chain which Townley founded with his lifelong friend Zach McLeroy in 1990. They have dedicated themselves to preservation through their partnership Log Creek LLLP. And now they are in the United States District Court Middle District of Georgia fighting for the tax benefits that they think are supposed to support their efforts. At least that is one way of looking at it.
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