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<br /> vice president and his attorney all in
<br /> GLOBE STAFF MAP voked Fifth Amendment rights dur-
<br /> ing their depositions.
<br /> y
<br /> . Q�fl£x-89 S-L�9 � �
<br /> 'IS�auu� a Now that future is m doubt, and But the expected indi
<br /> ctments
<br /> `8 some residents are nervous, never came. The trust corporation s
<br /> VW "3 9 a r l u W v.3 "We have no idea what will hap- did not retract Brown's loan. The
<br /> pen next,and that's a real concern," forfeiture action has been with-
<br /> OOVO-1 ZZ-L L9 said Reggie Hu chairman of drawn, and the government has re-
<br /> ale g g � fused to cancel the 1993 sale.
<br /> 11 w 1S u ili n 8 S Z i i one of the village councils. Chris
<br /> has been here since Day One,and we "It's not easy to rescind a major
<br /> ' dW �NO1�N�7�f f]8 transaction like this," said
<br /> } know he cares about the place. The Gary
<br /> other sounds like a slinger. Markoff, a Federal Deposit Insur-
<br /> ❑�S D-9�5 L i 9 �y . . , � ante Corp. lawyer, which took over
<br /> •lS �� We figure if things ain't broke,why Resolution Trust Corporation
<br /> y d co fix them? the Resol rP •
<br /> IOW 'NOJ.SOO In fact,Christopher Burden him- portfolio ori January. "We're very
<br /> self is almost broke.He took a beat- concerned the bid process may have
<br /> ing in the real estate crash, and his been corrupted, But Mr. Brown has
<br /> sa OIS S u o llin i u n t,u to o� New Seabury Corp. is now an esti- been making his payments.Undoing
<br /> '�a�lgo Nf X3 NJL N 3 I u I a mated$25 million in debt.Still,he is the sale now would make things even
<br /> furious that after decades of work, more complex and ridiculous."
<br /> his familyis losingNew Seabury to In an interview, Brown admitted
<br /> "technical violations" but denied se-
<br /> an interloper who may have broken rious wrongdoing.The real issue he
<br /> the law to grab it. � ' .
<br /> "If I'm going to lose, I want to said, � that Burden cannot•pay his
<br /> g g bills, and he can. He has big plans
<br /> " Burden said
<br /> lose fair and square, ' for New Seabury: renovating its 30-
<br />} "This is just ridiculous. It sends the
<br /> '
<br /> message that you can lie and cheat year-old golf clubhouse, resurfacing
<br /> me
<br /> y its 16 tennis courts, building new
<br /> when you deal with the government, b achside condos.
<br /> COL. �' 'and you can still win in the end." e
<br /> In recent years, Reebok CES
<br /> • Paul Fireman's�Villvwbend club has
<br /> �� u��exe puc�we�p Ina-lin3 9 1 PuE 'Town that never was supplanted New Seabury as the hot
<br /> I �Pl �l 8Z P�Ius�1�M s.xaH'1ue3stsa.t-.�aieX A few miles from New Seabury, PP . That will
<br /> 71si"a aj gddes 1uelsrsa�-��aE.ias•luawanou�zuenb ssim golf property in Mashpee
<br /> •S1ua7e Plod isle os 1im pals a out of sight of its seaside bluffs, a change,Brown said.
<br /> ' �8 i P.i � . � �u�e15
<br /> ul aarnluq PuE ossa Pa4sTu!kPueH luopaq U21saP boarded-up guardhouse marks a "Chris Burden is just an elitist
<br /> Jo TPOm maN•A'aasew ppom PID 01Pso:=3 Aq we�blwn( planned community that has strayed who doesn't pay his debts', said
<br /> STULL even further from its plan: South- Brown,Who owns homes in Manhat-
<br /> d UVS WH` N0� port, a ghost town that has taken tan,Southhampton,Los Angeles and
<br /> �o.L���s a�o��ro� P
<br /> center stage in the New Seabury France. "We're taking over, and
<br /> saga. A toppled sign lying flat in an you're going to see some real
<br /> abandoned parking lot proclaims changes around here."
<br /> Southport's slo n• `where there is
<br /> bra Brown has already started a villa
<br /> =always something to do, and some- •:rental program, and has hired away
<br /> one to share it with." the manager of Burden's program to
<br /> There isn't now, and there never run it. He alsoromises to resume
<br /> P
<br /> was. construction at Southport, turning
<br /> vY`..•' "=y,, When construction began in the town's worst eyesore into the
<br /> L 1959,Southport was expected to pro- community originally planned. On
<br /> vide 750 homes for seniors. But the Monday, Burden visited Southport,
<br /> developer,Ronald Bonvie,ran out of one of Brown's employees called the
<br /> } e,.. � money when real estate !prices local police and Burden was charged
<br /> crashed, and 100 half-built homes with trespassing.
<br /> were left to decay,
<br /> The town is eager for someone,
<br /> y g
<br /> Southport and New Seabury anyone,to develop Southport, elder-
<br /> ' k were linked after both developments 1 residents would pay hefty local
<br /> V
<br /> �. x 5 S I M S defaulted on their mortgages, and taxes without sending children to lo-
<br /> R"sL 03u!S sobjewgolum after both their banks failed. The cal schools. In that way, Southport
<br /> r " notes were transferred to the Reno- would be like New Seabury, whose
<br /> lution Trust Corporation,the federal summer residents pay one-fourth of
<br /> agency created to clean up the sav- the town's property taxes but re-
<br />
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