BBC's Kevin Magee reports that with the July passing of Dr. Alistair Hanna, the businessman behind the controversial £100m Bushmills Dunes golf resort plan, prospects for the course near Royal Portrush and the Giant's Causeway have "foundered."
Magee says in his report (video version at the link):
It is understood the Hanna plan could not raise sufficient money to buy the 350 acres of land to build the resort.
A final deadline for the sale of the land to the group passed without the purchase being completed.
The golf course land then went back on the market.
It is now in the process of being sold to one of Northern Ireland's most successful businessmen, Dr Peter FitzGerald.
He is the founder and managing director of the diagnostic company, Randox Laboratories, based in Crumlin, County Antrim.
The project was announced as a David McLay Kidd design and has been in the works for over two years.In February a legal challenge was fended off. And in March Mike Keiser was rumored to be interested in the project.