Bon Secour Village News

Do you want to know the latest about what is going on at Bon Secour Village? We are compiling on this page all the information we find .

Bon Secour Village developers ordered to repay Wachovia -- 2/11/2009 -- Wachovia Bank has won a $20.4 million judgment against the developers of Bon Secour Village, who consented in advance to the ruling and have joined the lender in trying to sell about 900 acres of the Gulf Shores property to clear the debt. ...more

No deal on Bon Secour -- 12/03/2008 -- A court-ordered auction of more than 880 acres at the foreclosed Bon Secour Village failed to yield any acceptable bids and will force lawyers to look for new ways to dispose of the property and pare down financial losses. ...more

Judge orders Bon Secour Village sold at auction -- 10/01/08 -- A federal judge in Mobile has ordered that the Bon Secour Village property in Gulf Shores be sold at auction to pay more than $20 million that developers owe to Wachovia Bank. Short story ...more  Long story  ...more.

Money troubles muddy future of Bon Secour Village -- 06/08/08 -- Bon Secour Village's developers said from the onset, however, that it could be decades before demand would allow their vision of a $500 million community with residential offerings spanning the economic spectrum to materialize fully. ...more

Bank sues developers of Bon Secour Village at Gulf -- 12/30/2007 -- Wachovia Bank has sued the developers of the 1,000-acre Bon Secour Village development, claiming they have defaulted on a $20.36 million loan from the North Carolina-based lender. ...more

Founder of huge 'village' files suit -- 10/29/2007 -- One of the massive project's quartet of developers claims the other three are trying to squeeze him out. ...more

Impressive Number of Visitors Gather Decorating Tips at the 2007 Coastal Living Idea Cottage -- 9/19/2007 -- Featuring the latest construction products and most innovative decorating ideas, Coastal Living's 2007 Idea Cottage has attracted nearly 5,000 visitors—from over 30 states and several foreign countries. ...more

An Ideal Home -- 8/1/2007 -- Check out the October issue of Coastal Living magazine, and you will see a house in Gulf Shores that showcases the latest and greatest in coastal home innovation and décor. Look a little more closely, and you will find a Cullman influence tucked into every corner. ...more

$500M Bon Secour hits selling stage -- 7/29/2007 -- Because it brings together Alabama contractors and developers, building Bon Secour Village near Gulf Shores reminds developer Clint Guthrie of an old-timey barn raising. The 985-acre luxury community couldn't be more different from a barn, though. With an estimated price tag of $500 million-plus, Bon Secour hit a milestone this month when 50 condominium units and 50 house lots went on sale. ...more

Bon Secour Village Seeks Tax Deal From Gulf Shores -- 4/18/2007 -- The developers of Bon Secour Village are asking the City Council for help in financing between $30 million and $40 million in roads, sewers and other public improvements planned at the 1,000-acre development, and elected officials said Monday that they'd entertain a more detailed proposal. ...more