Project is out of Ginn.
| Position | Western - Ginn Resorts Co. - Linger Longer Communities LLC - Brief article |
Unable to chip away its mountain of debt, Ginn Resorts Co. sold Laurelmor, a 6,600-acre golf-course community astride the Watauga-Wilkes county line, to Linger Longer Communities LLC of Greensboro, Ga., for $32 million. The sale was part of a settlement between the project's chief lender and Ginn's two Laurelmor subsidiaries, which declared Chapter 7 bankruptcy in December. Linger Longer plans to relaunch...
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