Wednesday, October 14, 2009

Boot Ranch Foreclosed On; Sutton Out of the Picture

Hal Sutton's Boot Ranch project just outside Fredericksburg has been beset by problems throughout its short life. Despite that, the golf course drew raves.

Now, alas, it has drawn a foreclosure notice. Lehman Brothers - itself undergoing bankruptcy proceedings - is liquidating a $73 million loan to Boot Ranch to raise money for its creditors, the San Antonio Express-News reported.

The facility is expected to remain open and operating throughout the foreclosure, until new ownership can be found. But that means that Hal Sutton's involvement - and Boot Ranch was his baby all the way - is over.

Read the full story from the Express-News

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