'A long slough': Failed condo project in Dillon selling to developer for $13M
The dozens of people who paid a collective $6.5 million for condos at Uptown 240 will split just $75,000 from the sale.
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The dozens of people who paid a collective $6.5 million for condos at Uptown 240 will split just $75,000 from the sale.
“It's not really over until the fat lady sings,” lawyer for Uptown 240 says.
An 11th-hour objection, complete with an allegation of forgery, has halted the $12.8 million sale of a partly built and weather-beaten condominium project in Summit County.
The top offer isn’t enough to make lenders and builders whole, let alone condo buyers.
A bankrupt and unbuilt condo complex in Dillon that would-be residents have sunk millions of dollars into is slowly wasting away, worth far less than what its developer claims and likely cannot be completed, according...