Sunday, January 24, 2010

In Gulf Shores, Plan B looks like a winner for Hangout developer | Breaking News from the Press-Register - al.com

In Gulf Shores, Plan B looks like a winner for Hangout developer | Breaking News from the Press-Register - al.com: "GULF SHORES, Ala. -- In October 2007, Shaul Zislin, who owns three corners at the main intersection here, approached city leaders and told them that he wanted to open a vast restaurant and entertainment venue, not the soaring condo towers that he had once planned by the public beach.

His preference remained the $400 million high-rise concept that had been hatched and approved in the wake of Hurricane Ivan, he told them. The hitch: 'I just need a buyer, or hundreds of buyers.'

The change was a bold about-face."