Those of you with great memories will recall that Colt announced in 2011 that they were opening a factory in Florida. Richard Johnson has been investigating what became of this factory …

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.  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?  Will Colt ultimately abandon the deal?

Read Richard’s article here.