Loans, Liens, Lawsuits Leave Phase I Of 1,789 Acre Central Florida Development In Limbo

In Central Florida, the Charlotte Sun-Herald reports:

• Tern Bay Golf & Country Club Resort, the first phase of a 1,789-acre, 1,810-home development, is now owned by the landscaper. And Scott Hawkins will sell it to you -- to anyone -- for the $300,000 he's owed on the stalled project.

• One caveat: "You can't build a house, can't get a permit, can't do anything until this thing is settled," he said. Which means Tern Bay will continue to languish in a limbo of defaulted loans, dead-end liens and dueling lawsuits.

• Hawkins, president of Hawkins Environmental Inc., of Daytona Beach, is among a bevy of contractors, banks and investors with liens filed against Tern Bay LLC, the project's developer, for unpaid wages and expenditures. "There are a lot of people who are owed a lot more money than I am," he said. "I was just the one who got the ball rolling."

For more, see Limbo of loans, liens, lawsuits (Burnt Store's stalled Tern Bay project a tangled tale of default and disappeared developer).