Golf Course to be Auctioned

[vegasrocks]

I hear that the Stallion Mountain Golf Club which was taken over last summer by the Federal Deposit Insurance Corporation when it seized Community Bank of Nevada is to be auctioned off to whomever posts the highest bid.

The golf course, located about six miles east of the strip, was closed in the summer of 2008 when a group of investors bought it for $24 mil and had to give it back to the bank because they couldn't afford it.

The course, originally known as the former Sunrise Country Club, was built by former PGA player Jim Colbert and was the site where PGA Tour pro Chip Beck shot a record-tying 59 in the 1991 Las Vegas Invitational.

The auction is set to take place on August 16th and it will be done through sealed bids. Once all of the bids are received, they will whittle the number down to a handful and those will be asked to name their final offer.