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« East Lake And The Surrounding Per-Capita Income | Main | PGA Tour Statement Saluting The Now-Defunct, 41-Year-Old Disney Event... »
Monday
Dec102012

Cordillera And Its 54 Holes Auctioned For $14.2 Million 

The Denver Post's John Mossman on the paltry price paid by Rose Holdings LLC for Cordillera's Fazio, Nicklaus and Irwin 18's along with a Pelz practice area, though developer David Wilhem only opened the Fazio course the last two seasons.

Donald Trump lost out in the bidding and according to Risa Wolf-Smith, an attorney with Holland & Hart of Denver that represented the unsecured creditors, he put on a good show.

"Auctions are always interesting, and this one was a little bit crazy," Wolf-Smith said. "It really was fun to listen to Donald Trump. He has a personality even on the phone.

"He wished the best to the other bidders as he passed on his last opportunity to bid. He muttered here and there that he didn't think it would go this high. There's always a possibility that he may try to work something out with Wilhelm on the back end."

The bankruptcy case was complicated by litigation between Wilhelm and 610 club members.

Last spring, Wilhelm promised to open all four golf courses but — for the second year in a row — opened only Fazio's Valley course. He also laid off dozens of workers.

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