Manfred Welfonder claims he was insulted and treated rudely and that the Colony Association breached its financial duty in choosing Unicorp over his redevelopment proposal. The attorney for the Colony Association of Unit Owners says Welfonder’s claim is baseless, without merit and evidence and that he was given every opportunity to submit a viable plan and he simply was not chosen.
Manfred Welfonder claims he was insulted and treated rudely and that the Colony Association breached its financial duty in choosing Unicorp over his redevelopment proposal. The attorney for the Colony Association of Unit Owners says Welfonder’s claim is baseless, without merit and evidence and that he was given every opportunity to submit a viable plan and he simply was not chosen.
“It’s the chicken or egg. If the town turns us down to build this, why would I want to buy Andy’s property?”
The Town, the voters and Colony unit owners all have a say in the outcome.
Our community leaders are once again playing chicken with lawsuits, development rights and how to go about applying the rules in a fair and equitable manner. And it could all affect the outcome at the Colony as well as the chances that the Town gets sued.
STEVE REID Editor & Publisher sreid@lbknews.com The future redevelopment of The Colony Beach and Tennis Resort on Longboat Key has officially gone to a vote. Last week, Unicorp National Development executed a development and settlement agreement with the Colony Board of Directors. It took months, albeit years, for such an agreement to come to fruition […]
Unicorp announces purchase, acceptance of development agreement by the Colony Board of Directors, as well as the forthcoming demolition.
“I am more optimistic than at any point since the closing of the Colony six years ago.”
“The appearance from Gulf of Mexico Drive and neighboring properties continues to deteriorate.”
Colony Board of Directors vote 9-0 in support of development plan that calls for 180 residences and 180 hotel rooms. The owners will vote for final approval in 90 days.