Sold! Villages go for $1.6 million

Posted on January 9, 2013 by Tom Scanlon

The Villages of Ocean Shores sells for $1.6 million, according to the county’s real estate sales site. Not bad, but . . . First Interstate Bank of Montana loaned some $10 million to developer Paul Pariser/Bar-JP for the project, then took the stalled project back after only one condo building (of a planned 15) was built, and Pariser failed to make payments on the gated condo community.

About Tom Scanlon

Tom Scanlon started his journalism career as a sports stringer with the Pittsburgh Press (RIP) and Post-Gazette, then moved on to the Seattle Times, Mesa Tribune etc. He is the author of plays including "The Superhumans" and novels including "Ocean Shores Tourist Killer," "Atlantis City," and, now, "The Immaculate Jagoffs of Pittsburgh."

View all posts by Tom Scanlon →

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3 Responses to Sold! Villages go for $1.6 million

Anonymous says:

January 10, 2013 at 2:06 am

Well that should knock the crap out of the value of commercial property in Ocean Shores.Maybe the city will someday recover back taxes and fees

Reply
Vivian Dahlin says:

January 12, 2013 at 4:39 am

I will be on pins and needles until I learn what plans the new owners have for the property. If they plan on continuing to pillage, plunder, burn, bulldoze and build, I will probably collapse into a pool of tears.

Reply
- sheltered2 says:
  
  January 13, 2013 at 4:53 pm
  
  Better get a towel! That is what these people do for a living. Look them up.
  
  Reply