The two championship Arthur Hills golf courses are open. The golf shop is fully stocked. The resort-style clubhouse is busy with activities, from bridge games and bocce to dinner dances and wine tastings. The clay tennis courts are ready for play.
Inside the clubhouse, the fitness center offers its usual classes, from Pilates to yoga. The salon still pampers members with massages and pedicures.
Two weeks ago, affiliates of developer Ginn Cos. based in Celebration in Central Florida, filed Chapter 7 bankruptcy petitions related to investments made in two high-end communities: Tesoro in St. Lucie and Quail West.
The filing for Quail West didn’t include the clubhouse, the golf courses or any of the common areas. They are controlled by the Quail West Foundation, the community’s homeowners association, said John Gamba, a foundation board member.
The bankruptcy involves 262 lots in Quail West, beach property off Hickory Boulevard and a sales office that were owned by Ginn-LA, he said. The sales office is now closed.
“The association at Quail West is not part of that filing. That entity is still an operating entity,” said Tom O’Brien, a foundation board member. The trustee for the Chapter 7 case has told residents the priority is to keep the club operating. The club has hundreds of members. No one has pulled out because of the bankruptcy filing, Kessel said.
One way the association is looking to better the situation is to offer trial memberships that require paying dues only, and no membership fee, as a way to increase revenues. The association is also looking at lowering its initiation fee of $175,000 to bring in more members temporarily.
“You’ve got a lot of residents in this community that are committed,” Kessel said. “That’s what you need to keep a community going.”
Source: Naplesnews.com
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Saturday, January 24, 2009
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