Georgetown Club Closes
The Georgetown Club outside Boston closed on Monday, surprising golfers who were looking forward to the fall season and, according to the Boston Globe, a handful of couples about to get married there.
The article quotes managing partner Peter Wojtkun as saying the club will be put into foreclosure by Sovereign Bank, holder of a $4.5 million mortgage on the property.
"It will be sold at a foreclosure auction," Wotjkun told the paper. "We had hoped to reorganize, and open again next season" but a last-minute dispute scuttled plans for a loan from Sovereign to keep the club going.
The club had about 100 employees. They got their last paychecks Tuesday.