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Plaintiff seeks contempt in Colony court case

Plaintiff seeks contempt in Colony court case

The Colony Board of Unit Owners has prepared a budget for the anticipated repairs recommending an assessment of over $30,000 per unit owner in 2016, and $55,000 per unit owner in 2017 to raise more than $20.5 million.

June 23, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony auction date inches closer

Colony auction date inches closer

Judge May agrees to move forward with the sale of the Chapter 7 estate that holds a $23 million judgement against the Colony unit owners.

June 23, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

The Trustee argues to the Judge that all efforts to arrive at a ‘global settlement’ with the Association of Unit Owners has failed. The Trustee added that there are no ongoing operations at The Colony and after four years of litigation, “The Trustee believes it is time to efficiently monetize the assets of his estate.”

June 9, 2015 | Posted in Major Headlines, Top Box | Read More »

Association vows to appeal Colony court ruling; plaintiff speaks out

Association vows to appeal Colony court ruling; plaintiff speaks out

“It was our home away from home. It was great until things got out of control.”

May 26, 2015 | Posted in Major Headlines, Top Box | Read More »

Sarasota Judge rules Colony Association must repair units

Sarasota Judge rules Colony Association must repair units

Sarasota Judge declares that Colony Association “has a duty to maintain, repair, replace, and operate the condominium property.”

May 19, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony suit demands repairs

Colony suit demands repairs

Colony unit owners Sheldon and Carol Rabin argue the Board of Directors failed its basic fiduciary and maintenance obligations and is liable.

March 16, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony Lender faces court sanctions, vows appeal

Colony Lender faces court sanctions, vows appeal

‘I cringe every time I have to write another assessment check to pay largely for legal fees and insurance with seemingly no end in sight.’

March 16, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony heads back to court

Colony heads back to court

Bankruptcy Judge Rodney May faces several key arguments and decisions this Tuesday that could alter the ongoing Colony Resort ownership battle.

March 16, 2015 | Posted in Major Headlines, Top Box | Read More »

What’s first?: Colony rising from the ground or power lines getting buried?

What’s first?: Colony rising from the ground or power lines getting buried?

Meanwhile, Longboat erodes. Our patience erodes. And meanwhile we die. Die of boredom or die literally. And the still living find other pursuits that happen more decisively like watching the trees bend toward the sun in the backyard.

February 23, 2015 | Posted in Opinion, Stephen Reid | Read More »

As Colony saga drones on, principal parties speak out

As Colony saga drones on, principal parties speak out

Court battles, appeals and eventually consolidation mark the future of the waterfront property that has lay dormant for five years.

January 12, 2015 | Posted in Business, Major Headlines, Top Box | Read More »