FSM Redevelopment Partners planned to purchase and invest $20 million in the Fort Smith, Ark., property, but recently pulled out of the deal and is no longer interested in the club. City leaders tabled a decision on rezoning the property as a result, and the club will continue to operate on a normal basis in the meantime.
Fort Smith, Ark., city leaders on April 1 tabled a decision on rezoning the Fianna Hills Country Club, after the developer pushing for the large-scale redevelopment pulled out, the Fort Smith-based KFSM-TV reported.
FSM Redevelopment Partners had planned to buy the country club and triple its size from 27,000 sq. ft. to 83,550 sq. ft. The redevelopment would have required a new zoning classification, KFSM-TV reported.
C&RB reported in February that FSM Redevelopment Partners planned to invest $20 million in the property, including the addition of guest suites (“Fianna Hills CC Revamp Underway”).
The group notified the club it was pulling out of the potential purchase, though, and was no longer interested in the Fianna Hills Country Club, KFSM-TV reported.
The club will operate on a normal basis and will hold a business meeting April 3 to review club operations, according to a letter sent to country club members, KFSM-TV reported.
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