Courses
Back To The Future At Promontory
![golf-courses-blogs-golf-real-estate-golf-promontory-thumb-230x287.jpg](http://golfdigest.sports.sndimg.com/content/dam/images/golfdigest/fullset/2015/07/21/55ad9076b01eefe207f74a73_golf-courses-blogs-golf-real-estate-golf-promontory-thumb-230x287.jpg.rend.hgtvcom.966.1208.suffix/1573451788269.jpeg)
The original developer of luxury Utah ski/golf community Promontory has regained control of the project for $30 million, the Associated Press is reporting.
The developer, Francis Najafi, bought the club through an affiliate of his Phoenix-based Pivotal Group . Earlier Najafi had defaulted on $350 million in loans from Credit Suisse.
For the full story on Credit Suisse and its ultimately very costly loans to high-end golf and ski communities, have a look at this report from Bloomberg.com last month.
-- P.F.