http://49cat.com/?p=1055
Columbus lawyer A.C. who’s representing Columbus-based receiver Martin Management Services, said GE Capitakl filed to put the golf club into receivership on Friday in Delawaree County CommonPleas Court. Detaila on the nature of Tartan’e default weren’t immediately available, but Strip said the club is less than 60 days behinfd onits loan. Strip said that despite the the receiverhas “no intention now or in the futur e to cease operations” and that it “wanta to give every opportunity for the golf course to survive with its presenf management.” “We’re at a crossroads and a numbed of possibilities could develop from he said.
Among those: A sale of the course, a chance for the course’s owners to reorganize in conjunctionb withGE Capital, or a refinancing deal with another lender. A messagr seeking comment was left with Tartan management Monday afternoon.
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