Talk of the bay: CCI gets formal with hearing on its bankruptcy
By Times Staff
Published May 8, 2007
A hotel ballroom has been rented out and hundreds have been invited, but don't expect streamers and balloons when bankrupt St. Petersburg builder Construction Compliance Inc. confronts its creditors Wednesday in Tampa. Company president Jesse Battle III declared bankruptcy last month after failing to deliver more than 400 investment homes his customers financed through Coast Bank of Bradenton. Battle lists debts of almost $11-million owed to hundreds. The federal bankruptcy court rented out the Crown Ballroom at the Howard Johnson Plaza Hotel, 111 W Fortune St., for the 10 a.m. public hearing.
Pearlman web even snared music great
The claims have begun trickling into Orlando bankruptcy court in the wake of what could turn out to be the largest Ponzi scheme in Florida history. So far, 79 claims have been filed in the personal bankruptcy case of music promoter Lou Pearlman and 128 for Trans Continental Airlines, his primary company. The list of potential creditors filed with the court has more than 1, 400 names, including that of Pearlman's famous cousin, singer Art Garfunkel. Filing deadline is July 30.
Former trash site potentially valuable
One man's trash dump is another man's treasure. Pinellas County is soliciting proposals for the old Toytown garbage dump. The 240-acre landfill, south of I-275 and Roosevelt Boulevard, was closed in 1991. It is zoned as residential single-family, but the county is interested in more commercial proposals as well: In January, it entertained a proposal from an Ohio company that wanted to build offices, stores, a convention center and a hotel there. Proposals will be ranked by their expected economic impact. The deadline is July 27. Visit pced.org/toytown.