Sunset Beach calls bonds on Jaguar’s Lair
SUNSET BEACH, NC (WWAY) — The town of Sunset Beach is calling more than $3-million in bonds due for the still unfinished Jaguar’s Lair development. The town has been in mediation with the development’s owners, tying to work something out, but leaders say they have been unable to reach an agreement.
Property owners say they paid upward of half a million dollars for land in the community they were never able to build homes on. The town says it will now wait for a response from the bond company regarding the town’s claims.