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Second bidder to seek Sea Island
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BRUNSWICK — Two bidders will compete to become the new owners of Sea Island Co. when the Georgia resort operator is sold at auction next week, two months after it filed for bankruptcy protection.
Starwood Capital Group made a formal offer to the company and its creditors Monday, the deadline for potential buyers to give notice.
The offer means Starwood has pledged to buy Sea Island’s resorts, golf courses and private clubs for more than $197.5 million, the sale price the Georgia company negotiated with a partnership of two equity firms — Oaktree Capital Management of Los Angeles and Avenue Capital Group of New York — before it filed for Chapter 11 protection in August.
“As we have shared before, we are supportive of a competitive auction process, and we are pleased to have moved one more critical step toward resolution,” Sea Island CEO Bill Jones III said in a statement.
The auction is scheduled for next Monday at the Atlanta law office of King & Spalding.
Though Sea Island had a sale agreement with Oaktree Capital Management and Avenue Capital Group, federal bankruptcy law requires an auction if competing bidders emerge.
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Georgia Motorcycle Safety Program announces grant
Funds earmarked for Share the Road initiatives
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Grant funding totaling $93,458 has been awarded to the Georgia Motorcycle Safety Program (GMSP) by the Governor’s Office of Highway Safety. The approved funding will be used to increase motorcycle safety awareness and outreach by encouraging all motorists and motorcyclists to Share the Road.

“The need for motorcycle safety programs is greater than ever, and this support from GOHS enables motorcycle safety programs and impaired riding initiatives to reach riders and non-riders alike” said Commissioner Spencer R. Moore. “Thank you GOHS for helping (the Department of Driver Services) and GMSP educate and encourage all Georgia drivers to ‘Share the Road.’”

The grant allows DDS to further develop the Motorcycle Safety Outreach Program by continuing to fund a position to promote state and national safety initiatives. The GMSP outreach coordinator researches, coordinates and helps maintain an adequate presence at industry events, local schools and colleges, regional meetings and festivals to increase awareness of motorcycles on the roadways and provide the most current information on motorcycle safety initiatives.

Visitors to a GMSP event display are also encouraged to sign up for regular newsletters which provide additional safety information, as well as review the motorcycle safety message on other social media platforms.

GMSP regulates motorcycle training for new riders, as well as seasoned riders, who want to learn how to ride a motorcycle legally and safely. The program is based on a continuum of learning and therefore offers three entry points to rider education.

Students participating in the Basic Riders Course do not need specialized motorcycle equipment, as the GMSP provides both a motorcycle and a helmet to class participants. Upon successful completion of the course, participants receive a 90-day license waiver card that exempts them from both the written and on-cycle skills tests needed to obtain a Class M license in the state of Georgia.

Please visit the DDS website at www.dds.georgia.gov for many online services including the convenience of enrolling in a GMSP training class and accessing many licensing services.

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