Sunday, September 30, 2012

Environmental Hazards Remain on Ocean Breeze/Boca Teeca Golf Course Property

The latest reports on the Florida Dept. of Environmental Protection (FDEP) web site indicate that the hazardous chemicals remain a concern to the FDEP.  The FDEP has indicated that there can be no change of the land use without addressing the remediation of the excessive levels of cancerous causing arsenic on the property. 

Although the bank's receiver/manager of the property has been able to show a profit on operating the golf course during the first several months of 2012, they still have not resolved the environmental issues that were brought to the attention of the FDEP and the EPA in 2007.  The Palm Beach County records indicate that the foreclosure in the Ocean Breeze country club property by Wells Fargo (successor to Wachovia Bank) remains active after more than 2 1/2 years, but the property has not reached the final auction in this process and it would appear that this stage is several months away based upon the docket history.