Deeds and WeedsJune 24, 2009

Report: Reflection Bay Closing

LLV.jpg

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 $29 million Lake Las Vegas owes to lender Carmel Land & Cattle Co. The resort will lay off nearly all its Reflection Bay employees and the lender will hold a foreclosure sale on the property July 9, the paper says.

The Lake Las Vegas resort, which includes a man-made lake, two hotels and scores of private homes, filed for bankrupcty protection last year. The Reflection Bay course has  4 1/2 stars (out of a possible 5) in the Places to Play ratings of  Golf Digest readers.

The resort recently closed the Falls Golf Club, a Tom Weiskopf layout near the Lake Las Vegas entrance. The community's private South Shore club remains open.

-- P.F.