Maui Sands' closing leaves many high and dry

SANDUSKY As the seven remaining Maui Sands employees continue to cancel existing reservations and in
Annie Zelm
May 24, 2010

SANDUSKY

As the seven remaining Maui Sands employees continue to cancel existing reservations and inform out-of-town guests the hotel is closed, the company's spokeswoman holds firm to the hope of reopening in May.

Meanwhile, the hope that various construction companies and subcontractors will be repaid the full amounts they are owed seems to be dwindling.

And the prospect of working through a tax-increment financing, or TIF, project between county officials and the Hawaiian-themed resort appears shaky.

A spokeswoman for the resort announced it was attempting to restructure its financing without filing for Chapter 11 bankruptcy.

She also said owner Scott Emerson is working out payments with contractors and vendors on an individual basis. She said resort employees had yet to be paid Monday afternoon, but they "will be paid" at some point.