Madonia Bankruptcy Auction August 19 at Aqua Restaurant
#2 Heron Pointe in Bay Creek backs to golf course with views of the Bay. Built as developer Dickie Foster’s personal home, Foster later sold it to the Madonia family, now bankrupt.
By GEORGE SOUTHERN
Cape Charles Wave
July 30, 2013
Two Bay Creek mansions along with additional houses and land belonging to the Madonia family will be sold at a bankruptcy auction August 19. The auction is at Aqua Restaurant, which coincidentally was also the object of a bankruptcy auction last December.
Properties on the block include #2 Heron Pointe in Bay Creek South, formerly owned by Bay Creek developer Dickie Foster, who sold it to Batista and Evelyn Madonia.
Once considered the prime property in Bay Creek, the long-vacant house now suffers from overgrown shrubbery. It was recently assessed by Northampton County at $2,786,300.
The Madonia family, owners of East Coast Brokers and Packers, filed for bankruptcy in March. According to the Packer, an industry newsletter, the Madonias owe over $20 million to state and federal governments and private firms.
Many of the Madonia holdings were to be offered at a sealed bid auction July 5, but the bankruptcy judge reportedly decided to withhold some of the most significant properties for a series of live auctions. [Read more…]
TUESDAY 7/30: Old School Cape Charles Meeting Open to Public
The group known as Old School Cape Charles will meet 7 p.m. Tuesday, July 30, at First Baptist Church, 549 Madison Avenue (location changed from St. Stephen’s AME Church). The public is encouraged to attend.
SATURDAY 8/24: Craft Beer & Music Festival at ESO Arts Center
ESO Arts Center will turn its Belle Haven lawn into a beer garden on Saturday, August 24, from 2 p.m. to 9 p.m. for a Shore first — the Eastern Shore’s Own Craft Beer & Music Festival. [Read more…]
