“It was our home away from home. It was great until things got out of control.”
Year in Review 2014: Colony Lender, Unicorp control 2.3 acres and key assets; $23 million ruling hangs in balance
Although 2014 saw no resolution to the myriad of complex legal battles that would allow the Colony Beach and Tennis Resort to redevelop, there was progress on several fronts. On July 14, 2014, several critical assets, namely 2.3 acres that comprise the tennis courts and recreational amenities, were acquired by Colony Lender in agreement with [...]
The Town Attorney’s office compiled a complete overview of all of the ongoing Colony litigation, bankruptcy and foreclosure proceedings. The Town Attorney said it is difficult to speculate on what will happen next or when all of the litigation will be resolved as the various parties in these actions have clearly diverging objectives and litigation strategies.