Le Bear defaults
Another developer of a big Leelanau County project is in trouble. Auburn Hills developer Dominic Moceri in default on a $9.6 million loan for his Le Bear Resort in Glen Arbor and is negotiating with lenders to find a way out of his difficulties.
According to this article, Moceri's troubles stem in part from a contentious divorce. Le Bear Resort is a $40 million lakeshore luxury condominium community on Lake Street in Glen Arbor.