When Colt’s Manufacturing Company signed a deal in 2011 with Osceola County, FL to open a “regional headquarters and product manufacturing center,” it was reported the company would employ more than 60 people at that site. Â But, more than halfway through 2013, the facility still stands empty.
According to news reports, Colt’s Manufacturing has yet to take possession of the facility and it appears that none of those promised jobs have materialized. Â With an end-of-the-year deadline looming in the contract between Colt and Osceola County, it is being reported that Colt’s lender, not the company, is working out an agreement to get things back on track.
What is going on? Â Will Colt ultimately abandon the deal?