He did not divulge the terms of the settlement, but says planscall for construction to begin this summer with model homes open byspring 2003. The company wants to build a 160-home residentialproject and a golf course on 400 acres in the area of Humbug Marshin Gibraltar, in the Downriver area of metropolitan Detroit.

The piece of land was formerly used as a dump and for duckhunting. Resident protests held up the project, and a dispute withthe Army Corps of Engineers made the company leave 3.9 acres ofwetlands alone.

The banks that had loaned $2.8 million for the project wanted tosell the land at auction to recover their money, but Merriweathersays a settlement was reached this week.

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