The Promontory Club in Park City, UT has come out of bankruptcy as ruled by Bankruptcy Judge Judith A. Boulden, based upon a reported $30.0 auction bid by an affiliate of the original developer, Pivotal Group.
Pivotal 7000, LLC will observe the key provisions of the court-approved plan and sales procedures. The new financing should provide the stability required to attract buyers in this uncertain market just as the golf season is getting started.
Promontory’s two golf courses designed by Jack Nicklaus and Pete Dye were recently ranked #2 and #3 in the state of Utah, by Golf Digest. There is a significant amount of home and lot inventory available currently available in Promontory with some great deals.
Please contact us regarding Park City real estate or Promontory real estate at http://unlockparkcity.com