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.
Bud Collins, who wrote his way into the International Tennis Hall of Fame, died on Friday. He was 86. For nearly 40 years, Bud Collins called the Colony Beach and Tennis Resort on Longboat Key his home for the winter. According to his wife, Anita Ruthling Klaussen, Collins died Friday, March 4, at home in [...]
If one were to judge the progress or lack thereof at The Colony Beach and Tennis Resort by driving by the site on south Longboat Key, it would appear that nothing happened in 2015. But in fact, several key court rulings have moved the resort, which has been closed since Aug. 2010, closer to resolution. [...]
Last Tuesday, the Chapter 7 Colony Estate containing a critical $23 million judgment against unit owners was sold to The Association of Unit Owners extinguishing an outstanding threat against their interests. U.S. Bankruptcy Judge Rodney May approved the settlement that pledged $2.5 million in cash to pay the outstanding creditors along with an additional $500,000 [...]