Four Lawsuits against Real Estate Developer Bobby Ginn Dismissed

The suits grew out of Bobby’s unsuccessful foray into NASCAR and are unrelated to his real estate company

November 7, 2007 – Palm Coast, FL – Flagler County’s most prominent real estate developer, Bobby Ginn, climbs further out of the hole he dug when he ventured into the world of NASCAR racing last year as four lawsuits are dismissed. After failing to secure sponsors for two of his three cars and after spending millions of dollars, Bobby Ginn merged the remnants of his Ginn Racing team into Dale Earnhardt Inc. In the process, drivers Joe Nemechek and Sterling Martin and two crew chiefs lost their jobs. They all sued, charging that Ginn failed to pay them their salaries.

According to a Ginn spokesperson, Ginn and the former employees have reached a settlement and the lawsuits have been dismissed. According to Ryan Julison, “He’s paid the employees 100 percent of what they were owed, as he said he would.”

Ginn Racing was Bobby’s personal venture, separate from Ginn Resorts and his real estate businesses. Ginn has four projects either completed or under development in Flagler County:

• Hammock Beach
• The Conservatory
• Yacht Harbor Village
• The Gardens at Hammock Beach

In addition, Ginn has purchased the undeveloped Bulow Shores project from Centex. Bulow Shores is located just south of The Gardens along the Intracoastal Waterway. No development plans have been announced for Bulow Shores.

Some information for this story come from the Vail Daily (Vail CO), where Ginn wants to build a private ski resort, golf course and 1,700 homes and condominiums on and around Battle Mountain, south of Minturn.