August 19, 2009

Bonita Bay Group set to close clubs on Sept. 30 if they're not sold

The Naples Daily News today revealed that Bonita Bay Group will stop operating its golf courses and clubs after Sept. 30, according to a letter from Timothy Boates, Bonita Bay Group’s chief restructuring officer.
“I am committed to keeping all clubs operated by Bonita Bay Group open and operating through September 2009 so long as the members of each club continue to pay their monthly dues,” Boates said in the letter to Verandah Golf and Tennis Club board members.

Bonita Bay Group owned and operated clubs at its communities Verandah, Bonita Bay, Mediterra, Shadow Wood and Twin Eagles but has been trying to sell them off as it fights bankruptcy.

Read the complete article from Naples Daily News...

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