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…
Preparing for “Action”
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.
Clubs for Sale: Indian Springs GC, Tuscany GC, Seven Lakes CC
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.