Lakota Canyon homeowners battle unwanted rec center deal (CO)

Homeowners at New Castle’s Lakota Canyon Ranch and Golf Club are suing the development’s owner and homeowners association after they say the owner monopolized the HOA board and forced it to buy the community’s recreation center for more than it’s worth.  Ryan Gilman, a Glenwood Springs attorney representing the plaintiffs in this lawsuit, said the HOA board agreed to buy the rec center from the developer, California-based Warrior Acquisitions, for about $1.6 million. That deal came a year after the developer tried to sell the facility for only $650,000.      Read the article………………

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