In the News
- Brunswick officials work with Coastal Companies despite delinquent taxes, pending litigation
The county commissioners insist they do government business on a level playing field and that no one gets special treatment. But it's clear they have gone out of their way to help a major local developer.
- Date Posted: May 16, 2010 | Full Article
- Buyers' lawsuits against Coastal Companies focus on sales tactics
A developer that was selling lots for more that $200,000 apiece four years ago now says similar ones in the same subdivisions were worth only $55,000. To try to cut its tax bill, The Coastal Companies has appealed the value of 838 properties it owns in Brunswick County, arguing the county illegally raised the values in 2008.
- Date Posted: May 16, 2010 | Full Article
- Coastal Companies gets extension to pay $2.2 million in back taxes
One of the biggest development companies in Brunswick County is getting another break on its delinquent property taxes. Rather than requiring The Coastal Companies to pay around $800,000 by the end of the fiscal year in June, the county is giving it an extended tax plan that includes escalating monthly payments.
- Date Posted: May 16, 2010 | Full Article
- Vacation lots remain vacant land
Some buyers sue as others walk away from loans. Property is often worth a fraction of what it sold for.
- Date Posted: April 4, 2010 | Full Article
- Visions of profits gone, lot buyers sue
They were lovely weekends, those choreographed lot sales events at North Carolina's eruption of new coastal and mountain subdivisions during the height of the real estate boom between 2004 and 2007.
- Date Posted: April 4, 2010 | Full Article
- Pressure Mounts on Developer Saunders
As a local developer tries to assure his property owners that his business is legit, the complaints and lawsuits against him continue to pile up.
- Date Posted: February 8, 2010 | Full Article
- Brunswick County developer sued for fraud
Disgruntled property owners are accusing a major local developer of orchestrating a fraud scheme that netted him hundreds of millions of dollars and left them paying mortgages on unbuildable land.
- Date Posted: December 22, 2009 | Full Article
- Property Owners file Suit against San Rio Developers
More than 50 lot owners at the now-stalled San Rio Ocean and River Club development have filed suit against developers, claiming they breached contracts with owners and misrepresented the community when they failed to install necessary development infrastructure.
- Date Posted: October 21, 2009 | Full Article
- Brunswick County's stalled develpments' problems level off, officials say
- Though some work is under way now on stalled developments in Brunswick County, problems still plague the somewhat lifeless land. Dozens of planned developments slowed or stalled when the economy took a nose dive, leaving them in a zombie state: not quite dead, but nowhere close to finished.
- Date Posted: September 2, 2009 | Full Article
- San Rio lot owners to sue developer over unfinished Shallotte subdivision
- A group of angry property owners is going after a major developer over a stalled Caribbean-theme subdivision once planned to contain 2,000 homes.
- Date Posted: July 27, 2009 | Full Article
- Developer, county settle on delinquent tax payments, infrastructure requirements
- Brunswick County officials and developer Mark Saunders have reached an agreement on delinquent taxes and infrastructure performance guarantees.
- Date Posted: July 9, 2009 | Full Article
- Deal gives Brunswick County developer new set of deadlines
- Brunswick County and a local subdivision developer have agreed on a schedule for completing basic infrastructure on several stalled projects.
- Date Posted: July 8, 2009 | Full Article
- Judge refuses to close BB&T whistleblower case
- An administrative law judge has rejected a bank's request to close a federal hearing involving a former BB&T investigator who says she was fired after exposing a North Carolina development scam that cost the banking giant millions of dollars.
- Date Posted: June 1, 2009 | Full Article
- Zombie zones - Stalled housing sites litter local landscape
- Dozens of planned developments in Brunswick County slowed or stalled when the economy took a nose dive, leaving them in a zombie state: not quite dead, but nowhere close to finished.
- Date Posted: May 23, 2009 | Full Article
- Brunswick coffers feel pain from stalled development
- Subdivision pioneers who bought early are not the only ones feeling the sting of Zombie developments.
- Date Posted: May 23, 2009 | Full Article
- Brunswick County says big builder in default
- Brunswick County has declared one of the county's largest developers in default of development agreements and has filed attachments on the developer's bank accounts to collect $1.3 million in unpaid taxes.
- Date Posted: May 21, 2009 | Full Article
- Brunswick commissioners delay vote that could revive stalled subdivision
Brunswick County’s Board of Commissioners on Monday delayed voting on an agreement that a local developer believes would get a stalled subdivision moving.
- Date Posted: December 31, 1969 | Full Article