Daufuskie Island, South Carolina http://www.daufuskiesouthcarolina.com/

Auction sought for Daufuskie's assets Almost all of the assets of bankrupt Daufuskie Island Resort & Breathe Spa could be sold at auction under a request made Wednesday in Charleston. U.S. Bankruptcy Court Judge John Waites will rule later. A previously announced deal to sell the assets on the remote getaway near Hilton Head Island for $49.5 million is unlikely to occur, attorneys said. The auction idea was opposed by a private club on Daufuskie that claims purchase rights to some of the assets, including the Melrose Inn.

Sale of Daufuskie Island Resort still languishing; an auction may be next By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Wednesday, April 21, 2010 | The planned sale of the bankrupt Daufuskie Island Resort & Breathe Spa, which was expected to close in January, has not been consummated, leaving uncertain the fate of much of the sparsely developed island. Although there is a "very real possibility" Montauk Resorts will obtain financing for the $49.5 million deal, other alternatives are being considered, including a $30 million offer from another bidder and a public auction, according to the case's trustee, Robert C. Onorato. In December, a judge approved Montauk's offer, the highest to emerge after Onorato had marketed the property for months. At the time, Judge John E. Waites said he feared that if he did not approve Montauk's offer, the resort might be sold piecemeal, with little benefit to creditors or the community. Montauk,...

We have decided that importing Peacock Eggs to Daufuskie Island would be a good idea. Peacocks eat Mosquito's and snakes and are so beautiful. We have two problems with our strategy the first is cost. Peacock eggs are $900 to import, unless someone knows of a less expensive source and our 2ND issue is we don't know if these beautiful birds would mess up the ecosystem. Would they start eating our much coveted turtle eggs once all the mosquito's and snakes were gone? We don't know so our Daufuskie Island research team is back to work with more research. Does anyone know what is happening with the closing of the Daufuskie Island Resort and Spa? Has Montauk Investments closed the deal yet? Have they found enough financing in this rough commercial real estate market? I have been trying to find out basic info just so I can let all the part time residents and beloved tourist know what is going on. If anyone has any details for me that they would like to share please email me ...