Sun City Center residents as well as other WCI communities throughout Florida and other states are watching the progress of bankruptcy reorganization by the luxury home builder based in Bonita Springs, Florida.

 On Thursday, August 28, 2008, The Fort Myers News-Press ran the following article concerning the latest developments in the reorganization of WCI.

Also of interest is the severance agreement awarded Jerry Starkey, former CEO of WCI Communities Inc.

http://www.news-press.com/apps/pbcs.dll/article?AID=/20080828110/BUSINESS/808280342

In today's Tampa Tribune there is a small item about the resignation of Ernest Scheidemann, the interim chief financial officer of WCI Communities Inc. He had been interim CFO since December 2007.

*Home sales report for August will be coming your way next week. Have an enjoyable Labor Day holiday weekend.