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Bankruptcy judge says Daufuskie resort can be sold in parcels

Bankruptcy judge says Daufuskie resort can be sold in parcels By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Wednesday, November 10, 2010 4 Comments Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here A bankruptcy judge has divided the assets of the Daufuskie Island Resort & Breathe Spa into groups and allowed creditors to claim many of them after an auction last month produced no bidders for the entire property. The trustee overseeing the bankruptcy will continue trying to sell the property as a whole until the creditors' deals close, a trustee's spokesman said. The resort was once a major employer on the sparsely developed island off the southern tip of Hilton Head Island. If a single buyer doesn't emerge, AFG, a private investment group that loaned money to the resort before the bankruptcy, will assume the Melrose golf course and other amenities, which include two lodges, a conference center...

Autumn Festival on Daufuskie Island

http://laurasguide.blogspot.com/2010/11/sipping-sweet-scrap-iron-at-daufuskie.html From Laura's blog about Daufuskie Saturday, November 6, 2010 Sipping sweet Scrap Iron on Daufuskie Island It was a beautiful day for Autumn Fest on Daufuskie Island. Great deviled crab, fried shrimp, roasted oysters -- all local. I also sampled Old Daufuskie Crab Company's signature drink, the Scrap Iron. It's made with sweet tea Firefly Vodka that's distilled up near Charleston. Why the name Scrap Iron? It's a reference to a Daufuskie Island metonym for moonshine. The distillers would take the moonshine to Savannah by boat -- and would hide the jars under layers of scrap iron. If anyone asked, the islanders would say they were hauling scrap iron to Savannah. I learned this story today from Wick Scurry, who operates the restaurant, as well as Freeport Landing and the Daufuskie Ferry. It was a special treat to have his live narration on the ferry trip this morning. Posted by Laura V...

Daufuskie Island resort auction fails to produce a single bidder

By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Thursday, October 21, 2010 19 Comments Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here The future of the bankrupt Daufuskie Island Resort & Breathe Spa remains unknownafter no one bid on the property, despitea standing-room-only crowd atan auction Thursday. Twelve potential bidders had pre-registered for the auction, but none presented the $1 million cashier's check necessary to participate, said trustee Robert C. Onorato, who is overseeing the bankruptcy. The minimum allowable bid was $16.5 million. "At this point, we have no bidders," Craig King, president of J.P. King Auction Co. of Gadsden, Ala., told the crowd gathered in a ballroom at the Hilton Head Marriott Resort & Spa. Auction organizers considered breaking the assets into groups and allowing secured creditors to claim them, but decided to wait for an already scheduled hearing...

New Business for me

I normally only publish business ventures that bring in direct revenue to daufuskie island like the local island merchants but I am the blogster so I wanted to let everyone on the island know that I have left my vice president position at Charles Schwab, Inc. and formed my own Registered Investment Advisory Business in Atlanta, clearing all the investments through Fidelity Investments. I am very excited about my new venture. My company contact info: Platinum Investment Advisors, Inc. Kristine Suber Hanchar, President, Wealth Strategist 6065 Lake Forrest Drive Sandy Springs, Georgia 30328 404-593-7707 I will edit this post with my new website once it is up and running, and this is the last post I will make that is not exclusively about Daufuskie Island because that truely is where my heart and mind is at. I pray that one day I will have a Daufuskie Satalite Office.

The Cooperative Farm is a big hit with residents-Green Wood Farm

Daufuskie Island residents work together to get home-grown foods By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Sunday, June 27, 2010 Comments (0) | Recommend (0)Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here Mouse over the photo to enlarge When you live on an island without a grocery store or a bridge to the mainland, getting necessities such as milk and eggs can be a frustrating chore. Milk is heavy to lug to and from a boat, and eggs often break during the journey. That's one reason many residents of Daufuskie Island's sparsely developed 5,000 acres have collaborated to create a cooperative farm they expect will diminish their need to venture off the island. Since February, aided by more than 100 volunteers from all corners of the sometimes fractious community, organizers have built a goat barn, chicken and turkey coops and established beehives at what they call Green Wood Farm. They also have...

Working Together to Save Melrose and Bloody Point

Daufuskie residents chip in to save bankrupt golf course By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Monday, June 28, 2010 Comments (3) | Recommend (3)Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here Mouse over the photo to enlarge The Melrose golf course on Daufuskie Island looks remarkably lush and green considering it has operated without electricity for more than two months. The course shut down for about a month and a half after the Daufuskie Island Resort & Breathe Spa filed for bankruptcy protection in January 2009, but a skeleton crew of workers has since reopened it and kept it alive on a shoestring with dues voluntarily paid by a loyal group of members. To ensure the ocean-side course continues to receive such care, its annual tournament for members has morphed into a fundraiser. Organizers of this year's Firecracker Open, scheduled for Saturday, plan to put all proceeds toward the cours...

Thanks again to the Island Packet-Residents ban together on Daufuskie

Residents trying to save coastal SC golf course The Associated Press Published Tuesday, June 29, 2010 Comments (0) | Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here Related Content http://www.islandpacket.com DAUFUSKIE ISLAND, S.C. — Residents are trying to keep a South Carolina island golf course in shape even though it's been under bankruptcy protection. The Island Packet of Hilton Head reported the Melrose course on Daufuskie Island is lush even though it's operated without electricity for more than two months. The course closed for about six weeks after the Daufuskie Island Resort & Breathe Spa filed for bankruptcy in 2009. Head pro Patrick Ford and superintendent Nick Bright reopened the course and are maintaining it with dues voluntarily paid by residents. But the course is getting only about 10 rounds per day, compared with an average of 160 rounds before bankruptcy. The annual members' tourname...