Arrowcreek hopes to try and find another option on golf course sale…

1

Aug

arrowcreek-background.jpg

Enclosed  is todays latest correspondence regarding the Arrowcreek Golf Course.

To: ronbellrealtor@hotmail.com
Subject: Correct Version URGENT - Future of ArrowCreek Country Club
From: peterbrunt@sbcglobal.net
Date: Fri, 1 Aug 2008 16:40:02 -0500 …Read more » » »

Sphere: Related Content

Reno – Tahoe Legends Day 1

1

Aug

Although most of the attention was given to Michelle Wie, who shot a 73 at the Legends Reno-Tahoe Open at the Montreux Golf & Country Club, Jeff Overton, a third year PGA tour player playing in the opening group of the day, took the lead with a round of seven under par. …Read more » » »

Sphere: Related Content

Montreux PGA Tour rolls into town, Michelle Wie grabs the spotlight…

31

Jul

The Legends Reno-Tahoe Open Draws Unisex Players

 

The buzz is rising with the annual Legends Reno-Tahoe Open golf tournament nested in the luxury Montreux subdivision in south Reno. …Read more » » »

Sphere: Related Content

Arrowcreek HOA Board President resigns, another walks out..

30

Jul

I arrived early to set up my tripod and video camera for what I figured would be a fairly spirited Arrowcreek Homeowners Association meeting.  Per NRS statutes, you are allowed to bring a recording device so I figured it was worth a try.  After talking to a few Arrowcreek HOA board members, it was determined it was a grey area (filming) so I wouldn’t be posting on U-Tube tonight.  In hindsight, I wish I would have poached it.  I will give you a few highlights: …Read more » » »

Sphere: Related Content

Nevada Supreme Court rules in favor of Incline Village Homeowners to lower their Washoe County property taxes…

27

Jul

There has been a landmark Nevada Supreme Ct. (Court) decision in favor of the Incline Village group who sued to lower their Incline Village Washoe County Nevada property taxes.  …Read more » » »

Sphere: Related Content

Some Montreux Golf, real estate, homes and factoids….

24

Jul

OK, it is time to give Montreux some much needed attention.  I am enclosing a stock video that has bad sound, please turn your sound off, I apologize.

http://www.youtube.com/watch?v=Xw8aGCgEldk

This is the general information for those of you interested in Montreux Homes or Montreux Real Estate:  …Read more » » »

Sphere: Related Content

Arrowcreek Golf Course communication re sale…..

23

Jul

Wow, this is almost surreal; I was contacted by the media twice in regards to the golf course sale falling out and the effect on real estate values.  Both times I refused to comment. It is just a matter of time before someone does and the media blows it even more out of proportion . This has been kind of the issue; the rumor mill is way worse than the facts which are fairly sobering to begin with.

In any event, this is hot off of the press/e mail and I am passing it on:

 

ArrowCreek Country Club
Club Update Dear Fellow ArrowCreek Club Member,

I have been advised in my capacity as the Advisory Board Chair by ArrowCreek Golf Holdings their plan for our Club in the wake of the decision by Club Corp to terminate the process for their purchase of the Club.We have been placed on notice that there are two alternatives: 

1) Turnover of the Club to Equity Members- AGH has asked the equity members to consider an early turnover of the Club to that group.  It has been decided by the AEMA Board that they will lead the effort to evaluate that possibility as their primary function is to represent the interests of the equity members.
 
2) Bankruptcy- The potential for a bankruptcy filing by AGH remains a real possibility, which is an action that we can not control.

To allow time for AEMA and others to work through option one AGH has agreed to keep the Club open for a short period of time.
Additionally, your Advisory Board will be seeking other options to address this situation. As more information becomes available we will keep you informed.  In the mean time keep supporting our Club as it only strengthens the viability of the options other than bankruptcy.

Norm Reeder
Chair
ArrowCreek Member Advisory Board  

Here is the Homeowners Associations version of events:

scan0003.pdfscan0003.pdf

Sphere: Related Content

Some great 1031 flow of funds information I received…

17

Jul

This was provided by Craig Chagnon of Asset Preservation, a 1031 Qualified Intermediary.  …Read more » » »

Statistics and Trendlines for Reno, Tahoe, Carson area Real Estate

16

Jul

As many of you know, I am not going to reinvent the wheel and mess around with Excel real estate statistics all day when these folks nail it: …Read more » » »

Sphere: Related Content

Arrowcreek HOAs e mail to Arrowcreek Homeowners…

12

Jul

club_corp__swp_update_7-11-08_ac.pdf  I am passing this on just in case you haven’t recieved this, we will get back to some stats and market commentary hopefully next week.