Don Johnson Pays $14.5M to Save Estate
ASPEN, Colo. (AP) _ Don Johnson has paid $14.5 million to save his 17-acre Woody Creek ranch from a foreclosure sale.
The former ``Miami Vice″ and ``Nash Bridges″ star had until noon Tuesday to make good on a delinquent debt to D.A. Shaw Laminar Lending Inc.
Fourteen acres of his estate would have been auctioned off Wednesday on the steps of the Pitkin County Courthouse if he missed the deadline, deputy public trustee Carol Foote said. Three acres and the guesthouse would have been auctioned off May 10.
The money arrived at the public trustee’s office around 4 p.m. Monday, Foote said.
Johnson, the ’80s icon known for wearing T-shirts with Armani sports jackets and penny loafers without socks, had to pay some $544,584 in interest and $7,175 in attorneys’ fees, among other charges, according to documents obtained by the Aspen Daily News.
When reached by The Associated Press on Wednesday, Johnson spokesman Elliott Mintz declined comment.
``I’m going to let the documents do the talking,″ he said.
Papers filed in Pitkin County District Court by D.A. Shaw earlier this year claimed Johnson’s two companies failed to make timely payments on a $10.6 million loan, given to Johnson’s companies in August 2004 as they emerged from Chapter 11 bankruptcy.