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