Bonita Bay Group renews push to sell clubs, lots to avoid bankruptcy (Naples Daily News)
January 23, 2010 By Leave a Comment
BONITA SPRINGS —It’s four down, more to go for Bonita Bay Group as it continues to fight bankruptcy.In December, the Bonita Springs-based developer sold its beach and golf clubs to members at Mediterra. It was Bonita Bay Group’s first turnover.With the sale, the company collected $6.8 million in cash and handed over more than $15 million in debt to club members for a Community Development ...
Mediterra members will review ‘plan B’ for how to buy golf and beach clubs (Naples Daily News)
August 27, 2009 By Leave a Comment
There could be a "Plan B" for Mediterra residents to purchase their golf and beach clubs from Bonita Bay Group. On Thursday, Mediterra resident Michael Lissack circulated an alternative proposal, which members are expected to consider at community meetings planned for Friday and Saturday. Members are meeting down the street at Bentley Village off U.S. 41 N. because so many plan to attend. "We ...
