WCI is out of bankruptcy

The Miami Herald is reporting that WCI Communities has emerged from Chapter 11 bankruptcy protection and has eliminated more than $2 billion in debt and liabilities.

WCI purchased Lost Key on Perdido Key and once was seen as the savior of the Key. Former Pensacola Councilman Marty Donovan tired to push them to make a bid on maritime park property.

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Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”