Plaintiffs filed a class action lawsuit against the Vass, N.C., property, blaming the resort for plummeting property values after the state ordered the controlled draining of Lake Surf, the subdivision’s 1,200-acre centerpiece, amid concerns about the stability of its dam in the wake of Hurricane Matthew. On March 22, Superior Court Judge James Webb awarded […]
Short of having Shakespeare’s wish to “kill all the lawyers” finally come true, club-related lawsuits are now an unfortunate part of the business that managers should be prepared to deal with.
Homeowners in the Vass, N.C., community announced on October 23 that they have filed suit against development owner Woodlake CC Corp. for allegedly causing property values to plummet after repeatedly failing to repair a dam’s deteriorated spillway. The company told residents it could not afford to rebuild the dam. Residents of the troubled Woodlake Resort and […]
Seven Lakes Country Club in West End, N.C., is now under new management and ownership and is developing new membership opportunities, loyalty clubs, and pricing strategies, as other golf properties in the area have gone into foreclosure and filed for bankruptcy.
The property near Pinehurst, N.C. includes a 1,200-acre lake, golf courses designed by Ellis Maples and Arnold Palmer, and an historic clubhouse.
Indian Springs, in California’s greater Palm Springs region, is listed for $6 million. Tuscany GC is in the Henderson, Nev. region of Las Vegas that is beginning to experience a real estate recovery. Seven Lakes CC is in West End, N.C. and shares golf course design lineage with the Pinehurst resort.