Rim Golf Club Emerges from Cloud of Crescent Resources Bankruptcy
Now that a path to the future has been cleared, the Club has resumed selling full memberships previously limited to property owners. The Club has created several other membership categories.
Palm Coast, FL – December 16, 2010
The Rim Golf Club announced that the transfer of the golf club property to the member-owned club has been completed, following the bankruptcy of the club’s developer, Crescent Resources.
Now that a path to the future has been cleared, the Club has resumed selling full memberships previously limited to property owners. The Club has created several other membership categories.
As part of the bankruptcy settlement, the Club and other creditors will also receive 83 residential lots within the community and an 80-acre parcel adjacent to the 550-acre Rim Country residential golf community. These properties will be sold to further enhance the Club’s balance sheet.
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