DEBT, NOTES PAYABLE AND SPECIAL ASSESSMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

At December 31, 2013 and 2012, our debt, notes payable and special assessment obligations consisted of the following (in thousands): 

	December 31,
	2013		2012
			(restated)
Convertible note payable dated June 7, 2011, secured by substantially all Company assets, bears contractual annual interest at 17%, of which 12% is payable in cash and 5% may be deferred, matures June 2016, carrying amount net of discount of $5.4 million and $7.5 million at December 31, 2013 and 2012, respectively	$	54,975	$	49,961
Note payable assumed on May 14, 2013 in connection with a deed-in-lieu of foreclosure acquisition, secured by two operating hotel properties, bears annual interest of 12%, matures March 28, 2014 (extended to March 2017 subsequent to year end)	24,618		—
Exit fee payable in connection with $50 million convertible note payable dated June 7, 2011, matures June 2016, related discount being amortized into convertible loan balance	10,448		10,448
Note payable dated February 15, 2013, secured by an operating commercial building and other real estate, bears annual interest of 12%, matured February 19, 2014 (paid off subsequent to year end)	10,000		—
Note dated December 31, 2009, secured by residential lots, non-interest bearing (12% imputed interest), matured December 31, 2012, unamortized discount of $0 at December 31, 2013 and 2012.  In accordance with bankruptcy ruling, $3.1 million of principal is subject to 5% annual interest commencing October 1, 2012	5,220		5,220
Liens secured by residential property acquired in 2013 in connection with a guarantor settlement	3,787		—
Community facility district bonds dated 2005, secured by residential land located in Buckeye, Arizona, annual interest rate ranging from 5%-6%, matures April 30, 2030	3,465		3,699
Settlement payable dated June 2012 with a municipality for outstanding property tax and related obligations for certain parcels payable over five and ten years, bearing annual interest of 10%, maturing in June 2017 and 2022, respectively.	2,268		3,308
Special assessment bonds dated between 2002 and 2007, secured by residential land located in Dakota County, Minnesota, annual interest rate ranging from 6%-7.5%, maturing various dates through 2022	1,874		2,332
Development assistance note payable to Apple Valley Economic Development Authority, dated March 29, 2013, secured by developmental real estate, annual interest rate 6%, maturing December 31, 2016. Expected to be forgiven upon completion of Apple Valley, MN development project, subject to various requirements	150		—
Note dated September 26, 2012 secured by commercial land with a carrying value of $1.3 million, bears annual interest at 4%, matures September 26, 2015.	—		850
Totals	$	116,805	$	75,818

Contractual Obligation Fiscal Year Maturity Schedule [Table Text Block]

Our debt, notes payable, CFD and special assessment obligations have the following scheduled maturities (in thousands):

Year	Amount (1)
Past due and in default	$	5,220
2014	14,490
2015	1,203
2016	67,000
2017	24,039
2018	630
Thereafter	4,223
Total	$	116,805