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Ringling film students arrested for trespassing at Colony

Ringling film students arrested for trespassing at Colony

The students said they thought it would make an ideal set.

February 8, 2016 | Posted in Major Headlines, Top Box | Read More »

Colony offers under review

Colony offers under review

“I am not in this to make money off my unit, but only to get back on that beach. I now have two married kids and expect grandkids and this is where I want us to all get together to vacation. That’s why I am working so hard at this,”

January 31, 2016 | Posted in Major Headlines, Top Box | Read More »

Courts help decide key Colony litigation in 2015

Courts help decide key Colony litigation in 2015

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. [...]

January 5, 2016 | Posted in Major Headlines, Top Box | Read More »

Colony redevelopment showdown

Colony redevelopment showdown

Temple Beth Israel has been home to some of the most controversial land development proposals on Longboat Key. Not so long ago the Temple was filled with a community divided over a redevelopment plan for the Key Club put forth by its previous owners.

December 21, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony appeals filed

Colony appeals filed

Unicorp argues that the Association Board plans to hold a meeting to “ram through a proposal” that is not legal.

September 27, 2015 | Posted in Major Headlines, Top Box | Read More »

$23 million Colony estate sold to unit owners

$23 million Colony estate sold to unit owners

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 [...]

September 20, 2015 | Posted in Major Headlines, Top Box | Read More »

Judge blesses Unit Owners’ offer; Klauber to be paid $350,000 cash

Judge blesses Unit Owners’ offer; Klauber to be paid $350,000 cash

The Association said it would wire $3.1 million immediately with a separate agreement to give Klauber the $350,000 in cash. The money for The Association was being funded by Andy Adams as a loan to be paid back by Unit Owners.

September 5, 2015 | Posted in Major Headlines, Real Estate, Top Box | Read More »

Judge denies unit owners as Colony asset sale looms

Judge denies unit owners as Colony asset sale looms

‘I may be sympathetic to Unit Owners but I’m not here to protect them. This is a business decision and I don’t see any evidence of bad faith by Unicorp and I believe they are a qualified buyer.’ — U.S. Bankruptcy Court Judge Rodney May

August 29, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony owners suffer blow in court

Colony owners suffer blow in court

Judge May said the agreement between Unicorp and the Estate is the strongest and unless it is superseded by the Association or another party on Aug. 28, it will be approved.

August 24, 2015 | Posted in Major Headlines, Top Box | Read More »

Unicorp moves to buy Colony estate; Association argues back

Unicorp moves to buy Colony estate; Association argues back

If the Judge agrees with the Trustee and Unicorp on Aug. 28, it will continue Unicorp’s consolidation of Colony assets.

August 8, 2015 | Posted in Major Headlines, Top Box | Read More »