Despite foreclosure proceedings being held recently, the owners of a landmark gay club in Orlando are going ahead with their plans to renovate their venue. They're also planning to launch a three-story lakefront time share building, putting estimated costs to several million dollars including the renovation project.

Within the following couple of weeks, the foreclosure of Parliament House club as well as the company's pending debts with the Compass Bank of Alabama are expected to reach resolutions. One lawyer in Houston summarizes the case as a "complicated situation", referring to the web of financial tangles that the owners of the club are caught in.

In an interview with members of the press, club owner Don Granatstein was quoted as saying that "overall, we come out way better off." Foreclosure actions against the club, located on North Orange Blossom Trail, were taken by Southwest Guaranty Ltd., based in Houston, and Compass Bank because of a matured mortgage amounting to $7.5 million.