In December 1962, construction of the tower was stopped when ABCC denied further funding and alleged that the Carolls had defaulted on payments. The 31-story tower had been topped off and the resort was approximately 80 percent complete, with $5 million already spent on the project. The tower's planned opening was delayed until April 1963, but it did not occur as scheduled. In May 1963, ABCC was planning a sale of the apartments, shopping center, and unfinished tower for the following month. The Carolls sought to halt the sale, and filed a $2.1 million damage suit against ABCC, alleging that the company stopped construction and refused to pay the contractors. An injunction against foreclosure was granted in June 1963, but was dissolved the following year. In October 1964, a sale of the tower was approved for later that month, after being requested by ABCC, which was still owed $3.5 million by Landmark Plaza Corporation. Up to that time, the tower had been appraised several times and was valued between $8 million and $9 million. Ownership subsequently changed, as did the resort's design plans.