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Results: 1 - 8 of 8
Golf Courses & Golf Travel / Deeds and Weeds

Property Owners Sue Credit Suisse

People connected to some of the last decade's splashiest (and now most troubled) golf course communities have sued Credit Suisse for $24 billion, accusing the bank of "predatory" lending practices that overburdened their projects with...
Monday, 1/4/2010 at 10:26AM
Golf Courses & Golf Travel / Deeds and Weeds

Strike Three At Lake Las Vegas

The exclusive SouthShore Golf Club at Lake Las Vegas is headed for foreclosure, the Las Vegas Sun is reporting today.SouthShore, a Jack Nicklaus design that's ranked by Golf Digest as ninth best in Nevada, is...
Wednesday, 8/12/2009 at 2:31PM
Golf Courses & Golf Travel / Deeds and Weeds

Report: Reflection Bay Closing

Lake Las Vegas is closing its Reflection Bay course, the Wall Street Journal reports here.The high-end, once-high-flying resort says it’s shuttering the Jack Nicklaus-designed Reflection Bay course because it is worth  “significantly less” than the...
Wednesday, 6/24/2009 at 10:05PM
Golf Courses & Golf Travel / Deeds and Weeds

Credit Suisse's 'Predatory' Loans

A bankruptcy judge has used the word "predatory" to describe Credit Suisse's lending to several high-end golf developments and decided it will lose its place in the list of creditors hoping for money from Montana's...
Wednesday, 5/13/2009 at 8:30AM
Golf Courses & Golf Travel / Deeds and Weeds

Lake Las Vegas (Cont.)

An outfit called Village Hospitality LLC apparently has taken control of Ritz-Carlton Lake Las Vegas in Henderson, Nev. The deal went through in late February and was announced only yesterday, according to the Las Vegas...
Wednesday, 3/25/2009 at 10:47AM
Golf Courses & Golf Travel / Deeds and Weeds

Promontory Emerges From Bankruptcy

Utah's luxury ski-and-golf resort Promontory is no longer in bankruptcy protection. A U.S. bankruptcy judge approved a reorganization plan today that will let creditors take control, reports the Ogden Standard-Examiner. Promontory has two well-liked...
Thursday, 3/12/2009 at 2:54PM
Golf Courses & Golf Travel / Deeds and Weeds

"It Was A Potent Machine"

There's quite a good story on Bloomberg.com today about the huge sums Credit Suisse lent to a number of now-struggling luxury resorts, including Tamarack,  Promontory, Yellowstone Club (pictured) and Lake Las Vegas. The article...
Thursday, 3/5/2009 at 9:19AM
Golf Courses & Golf Travel / Deeds and Weeds

Yellowstone Blues

Avid followers of the Yellowstone Club saga have more to chew on this afternoon. Creditors owed money by the luxury Montana golf-and-ski development, now in bankruptcy protection, want to sue Credit Suisse over an...
Thursday, 2/12/2009 at 1:42PM
Results: 1 - 8 of 8
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