Club & Resort News

by C&RB Staff (editor@clubandresortbusiness.com)
April 2005
 

Lake of Isles, a 36-hole Rees Jones-designed golf club in North Stonington, Conn., was scheduled to open its private course April 19 and its Resort Course on May 21. Owned by the Mashantucket Pequot Tribal Nation, and located adjacent to Foxwoods Resort Casino, the two courses wind their way through 900 acres of wooded Connecticut countryside and around a 90-acre lake. Managed by Troon Golf, amenities at Lake of Isles includes a 50,000-sq. ft. clubhouse, state-of-the-art indoor/outdoor practice facilities, and eight luxury golf villas. For more information, www.lakeofisles.com


Judge Earns a Save

The 1979 World Series trophy earned by the Pittsburgh Pirates was saved from being sold at auction at the end of March when U.S. Bankruptcy Court Chief Judge M. Bruce McCullough upheld an emergency motion filed by the team. The trophy had been in the possession of the former Allegheny Club, which declared bankruptcy in 2002 and then merged with the HYP Pittsburgh Club. The newly formed Allegheny HYP Club inherited the predecessor club’s bankruptcy obligations and was seeking to sell the Series trophy and other memorabilia to pay creditors. The trophy was appraised at $25,000 but some potential bidders have indicated a willingness to pay as much as $100,000 for it. Judge McCullough ordered the Allegheny HYP Club and the baseball team to discuss how the issue can be resolved and if no resolution is reached before the next hearing in 30 days, an evidentiary hearing could be set.