Saying that it is owed over $100 million in taxes, the City Council has moved to freeze Houston Estates’ sale of 52 acres of land to Redstart Investments, which owns Unicomer and similar businesses in Trinidad, the British Virgin Islands and Belize.
But Redstart Investments, according to the council, says that its deal with Houston Estates should not be affected by a debt that isn’t the company’s and recently notified City Hall that it would in turn move to the courts to have their injunction removed.
“The bottom line is that Houston Estates owes the council in excess of $100 million for a plot of land that they are actually selling for in excess of $1 billion. They can afford to take care of their responsibilities and we are hoping they do so,” acting Town Clerk Sherry Jerrick told a City Hall statutory meeting on Monday.