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.
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