Laketown Wharf to Undergo $10 Million Renovation

Looks like they’re trying to breathe some more life into Laketown Wharf.  I have history with this resort and have always thought it was a fantastically interesting place.  The developer certainly went big when it was developed and I’ve always thought it had huge potential. There are several pools, the condos are large and quite … Continue reading Laketown Wharf to Undergo $10 Million Renovation

Laketown Wharf is Making Valentines Day Special for Lucky Winner

Laketown Wharf has decided to make Valentines Day extra special for one lucky couple!  Enter on their Facebook page for the chance to win a two night/three day stay, a welcome bottle of champagne and candy, and a $50 gift card to Pier Park.  Laketown is helping you to be able to spend some quality … Continue reading Laketown Wharf is Making Valentines Day Special for Lucky Winner

Laketown Wharf’s Christmas Events

Laketown Wharf is hosting a weekend of Christmas fun December 9th-11th.  Complete with live entertainment, children’s activities, photo’s with Santa, local vendors, food and beverage, silent auction, and holiday themed laser light show.  All proceeds from the events will go to the Anchorage Children’s Home and National Military Family Association. December 9th, 2011 The event will last from … Continue reading Laketown Wharf’s Christmas Events

All Play, No Work at Laketown Wharf Labor Day Weekend

Laketown Wharf is the place to play this Labor Day weekend with a full schedule of family fun events including a special dancing fountain light show, reptile show with John “The Snakeman” Moravek, live music and more. Bring a chair or blanket and catch a Saturday lineup of entertainment! Plus, a holiday discount takes some … Continue reading All Play, No Work at Laketown Wharf Labor Day Weekend

Laketown Wharf Showing Signs of Life

This Thursday, June 18th 2009, Sterling Resorts will host a grand opening ribbon cutting ceremony to celebrate 300 units available for rent. As many know, this announcement has been long in the making. For those who have not followed the Laketown Wharf soap opera, Laketown Wharf, the towering Thomas Drive edifice completed back in 2007, … Continue reading Laketown Wharf Showing Signs of Life

Laketown Wharf – Corus Bank "Unlikely to Survive '09"

The future of Laketown Wharf in Panama City Beach is again dealt a blow of uncertainly as the owning bank, Corus shows increasing signs of weakening.  Friday, they reported a quarterly loss of $260.7 million and stated that more than a third of their “$4.1 billion in outstanding loans were nonperforming.”  On the bright side, … Continue reading Laketown Wharf – Corus Bank "Unlikely to Survive '09"

Laketown Wharf – Corus Bank bracing for money outflow

I’ve had some dialogue with a Corus Investor who has been kind enough to keep me updated with what Corus is up to regarding Laketown Wharf.  Below is the most recent update: 1)  They suspended payment of interest on $404m of debentures (type of bond).  This is the only debt that Corus (holding company) has, other … Continue reading Laketown Wharf – Corus Bank bracing for money outflow

Bank Says Laketown Wharf will be 'taken care of'

One of the Corus Bank investors sent me an email with the Quarter 3 report of Corus Bank that has a paragraph that briefly speaks into their Laketown Wharf holding.  The paragraph gives some indication as to their plans of the building in the near future. The remaining component of nonperforming assets is OREO, which … Continue reading Bank Says Laketown Wharf will be 'taken care of'