Two Charlotte-area golf courses placed in receivership after failing to pay back millions of dollars in loans will be auctioned next month, according to Mecklenburg County officials.
Skybrook Golf Club in Huntersville and Charlotte Golf Links were both part of the Carolina Trail group, before they were placed in permanent receivership by a judge in August. The courses owed millions to their lender, Hunting Dog Capital, a San Francisco-based firm.
According to Julie Berger, in the Mecklenburg Office of the Tax Collector, the two properties are scheduled to receive bids by Jan. 14, and to officially be auctioned on Jan. 17. A judge is expected to hold a hearing and approve the sale on Feb. 10.
While in receivership, Skybrook and Charlotte Golf have remained open and are being run by Virgina-based Billy Casper Golf Management.
The owner of the five remaining Carolina Trail golf courses – Birkdale, The Tradition, The Divide, Highland Creek and Waterford in Rock Hill – told the Observer Tuesday that he expects they will go into foreclosure and bankruptcy within a week, with lenders taking possession of the five courses. Court papers had not been filed to foreclose or declare bankruptcy by Wednesday.
Staff researcher Maria David contributed
Portillo: 704-358-5041; Twitter: @ESPortillo
The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.
Have a news tip? You can send it to a local news editor; email firstname.lastname@example.org to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.Read moreRead less