Spanning two decades, Smallwood's story is anchored and propelled by one of Johnston's most memorable creations: the fictitious Sheilagh Fielding, a caustic newspaper columnist whose own battles with the past and alcohol addiction find full vent and expression in her tireless dogging of Smallwood's climb to power. At its heart, The Colony of Unrequited Dreams is the story of a man whose career is buoyed and sometimes sunk by his unresolved feelings for a woman he never allowed himself to love. It is also the story of Newfoundland's final years as a country, the end of one cultural and political trajectory, and the beginning of another.

Based on the classic novel by Wayne Johnston, The Colony of Unrequited Dreams is a fictionalized portrait of Joseph R. Smallwood, the controversial political figure who ambitiously led Newfoundland into Confederation with Canada, and became its first premier.