The possibility that could happen was raised by a decision this week by the Board of Land Use Appeals. The Board overturned a previous decision by Coastal Zone Management refusing to allow Pond Bay's building permits to someone who might like to buy the project out of liquidation.
The St. John Source quoted an attorney for West LB Bank saying it could take two or three years before construction could be restarted, assuming a developer can be found. West LB is a German bank which loaned Pond Bay's developer $35 million. Understandably, nobody's about to buy the debt or project if they can't also complete construction.
Read about the Pond Bay hearing in this story from the St. John Source.