Wavecrest pulls out of wetlands delineation for third time

Wavecrest’s owners have backed out of a wetlands delineation for the third time in less than a year. The US Army Corps of Engineers wetlands delineation was being conducted in mid-January, but was suspended before it was finished due to differences between Wavecrest’s consultant and the Corps’ delineator.

In April 2005, Wavecrest pulled out of a delineation on the day before was scheduled to begin.  In May, they backed out of the rescheduled delineation without setting a new date.

It is expected that the next activity will be discussions between Wavecrest and the Corps over the technical details of the suspended delineation.

For most of its existence, Wavecrest Village, LLP has been managed by Ocean Colony Partners, which is a minority partner in the project. In the first half of 2005, management was taken over by majority partners Concar Enterprises and their consultant/manager Bill Barrett, formerly of Ocean Colony Partners.