Don Johnson pays $14.5 million to save his Woody Creek ranch

Don Johnson has paid $14.5 million (Ђ11.68 million) to save his 17-acre (6.8-hectare) 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 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 (Ђ438,685) in interest and $7,175 (Ђ5,780) 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 (Ђ8.54 million) loan, given to Johnson's companies in August 2004 as they emerged from bankruptcy, reports AP.

O.Ch.

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Author`s name: Editorial Team