As General Motors Corp. prepares to sell its best assets to a streamlined new entity, the worst of what it owns will be auctioned off in bankruptcy court, including contaminated factory sites, parking lots in Flint, Mich., and a nine-hole golf course in New Jersey.
Under pressure from towns along the seashore, the Connecticut General Assembly has passed a new law allowing golf carts to be driven on public roads, the New Haven Register reports. Each town can decide whether to take part, but generally the new law allows carts to be driven only on roads with a maximum 25 mph speed limit.
July 2 (Bloomberg) — As General Motors Corp. prepares to sell its best assets to a streamlined new entity, the worst of what it owns will be auctioned off in bankruptcy court, including contaminated factory sites, parking lots in Flint, Michigan, and a nine-hole golf course in New Jersey.
July 1 (Bloomberg) — As General Motors Corp. prepares to sell its best assets to a streamlined new entity, the worst of what it owns will be auctioned off in bankruptcy court, including contaminated factory sites, parking lots in Flint, Michigan, and a nine-hole golf course in New Jersey.
Employees at the Las Colinas Country Club noticed one of men employed by the company that recovers balls from the golf course ponds had not returned by closing time at 8 p.m, said Stephen Salzman, the club’s general manager.
The foreclosure sale for the three courses at Legends Golf Resort and Heritage Club will be July 6 at the Conway courthouse.
Tartan Fields Golf Club has been put into receivership by its lead lender, General Electric Capital.
Tartan Fields Golf Club has been put into receivership by its lead lender, General Electric Capital. The Arnold Palmer-designed golf course remains open.
