More than €2m for Heritage Golf Resort

Lavish Facility Includes Only 18-Hole Course in Ireland  by: Seve Ballesteros  The well known Heritage Golf Resort in the Co Laois village of Killanard is to be offered for sale at a knockdown price of over €2 million after running into serious financial difficulties. The 225-acre facility had been valued at over €20 million during the property boom. Joint agents Colliers International and Hume Auctioneers will be handling the sale for McStay Luby who were appointed receivers by the former IBRC. The adjoining five-star Heritage Hotel, due to be sold separately by receivers KPMG, had also been valued at more than €20 million. The Heritage was developed and promoted as one the premier golf resorts in the country. The 18-hole...

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Some First Impressions, Second Thoughts and the Third Degree

It was another goofy, up-and-down kind of year where I live, here in the upper Midwest. Last year was awful, with record-setting heat and drought. This year it was so wet that delayed golf course openings hurt revenue at a time when the industry cannot afford it. We were six – ten inches above normal precipitation for the first half of the year. We saw the Big 10 add two more teams – Rutgers and Maryland – which now gives us 14 schools. But we are still the Big 10, proving even smart people sometimes cannot count. Our university system fought hard for a tuition increase until it was discovered they had over half a billion dollar budget stash the public didn’t know about. Talk about losing cred. And speaking of a stash, it’s a good thing...

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