Further investigation reveals that more than 30 Colony units have been entered illegally in recent weeks and several have been severely vandalized.

The world is tired of watching the game. The rooks and the horses are closing in inexorably on the Association’s last few pieces. The Association is studying esoteric moves through their attorneys wherein a few Russian masters escaped when in the same position. But they are growing tired.

Colony Lender in agreement with Unicorp placed the high bid of $15,200,100 and bought several pieces of collateral including the common property, tennis courts, restaurant, spa, swimming pool and other assets critical to the consolidation and eventual redevelopment of the resort which has been closed since August 2010.

When will the town re-zone the Colony property?
Will residents at Islandside really be subjected to 100 dump trucks of sand each day?
Will the town finally develop the Bayfront Park site into an expanded facility?
If the town decides to bury power lines, what opportunities open up on GMD?

Judge May has been reversed five out of five times on appeal.

Our memory of the former Colony haunts us. We want someone with vision to step in. But instead it looks like Rotterdam after Hitler’s Waffen planes carpeted the streets with bombs. And instead of the Klauber family selling units to friends, we see attorneys like so many wolves tearing at the carcass of a resort.

‘We would get involved if we thought we could help bring a solution to the stalemate.’

‘One thing I learned about developers in the past three years is a whole bunch of these guys run around saying they have money…’

‘Colony Lender risks immediate and irreparable loss, measurable in millions of dollars if the assets at issue are sold at an auction at which Colony Lender is forbidden to exercise the statutory right to a credit bid.’

The assets to be auctioned include a $23 million judgment against Colony unit owners and two groups are expected to vie for that asset and the estate.