Cliffs Developer Says $150 Million Already Spent On Tiger Project

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With a project completion date of 2013 now, according to Keith Jarrett and Mark Barrett (thanks reader George for the link):

The Cliffs' Asheville region director of sales, Mac Triplett, said Monday that 42 home sites have been sold in a development that features 1,000 to 1,200 lots. Sales officially opened in November 2008.

“That's not exactly correct,” said Anthony. “It's definitely true that all real estate sales are slow, but we brought in a construction group, and now the mass grading (of five holes and the driving range) are two-thirds complete.”

Mass grading. A real walk in the park!

Shock: Tiger's Dubai Project "Suspended"**

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Guess they had to get this out of the way so that he wouldn't have to pretend during his visit in a couple of weeks like things were progressing, even though we already knew from this Donegan report last November that this one wasn't happening.

Thanks to reader Peter for this Reuters story:

The developer, a unit of Dubahi Holding [DUBAHC.UL], had planned the resort with Woods, a former world number one, who was to have designed the golf course.

"Tiger Woods Dubai can confirm it has suspended the project," Dubai Properties said in a statement on Monday.

"This decision was based on current market conditions that do not support high-end luxury real estate. These conditions will continue to be monitored and a decision will be made in the future when to restart the project." The golf resort was slated to have 292 residential plots for palaces, mansions, luxury villas and golf villas, according to the development's website. It also includes an 18 hole golf course.

Historic Shadow Creek To Re-Open After Renovation!

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You know those masterpieces, requiring tree removal and other dusting off after 20 years. Anyway, I know it's the Las Vegas Sun, but still, you have to giggle at John Katsilometes revealing that after all of these years, Shadow Creek is finally going to be available to the public for either $500 or as a spectator at Michael Jordan's Celebrity Invitational.
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Breaking: Someone Wants To Build A Golf Course...In America!

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Paul Dunn pens a Pilot guest essay decrying the Pine Forest project in Pinehurst going before the Moore County Board of Commissioners this week.

Developer MHK Ventures Inc. estimates the planned gated community could ultimately contain 600 to 700 homes, two 18-hole and one nine-hole golf courses, a 300-room resort hotel and a commercial district. With 43 excellent golf courses already situated within the so-called Golf Capital of the World, one might question the project’s financial prospects with the economy in deep recession.

After 9/11, ClubCorp abandoned bold plans for Pinehurst Courses No. 9 and 10. The Dormie Club, Legacy Lakes and Little River haven’t seen strong demand for golf venue homes. Stonehill Pines, ambitiously touted to be a major Foxfire project, lies dormant on the drawing board. So the first question the public and commissioners should ask is, “Are 45 more holes of golf and another resort hotel realistic at this time and place?”