Of the $3. 7 billion budgeted for the project, the developer has spent about $150 million. In 2008, resort developer bobby ginn offered minturn residents $162 million in perks if they annexed his mountaintop project, which he never built. So what about those million. The bankruptcy means a court will auction off the companys assets at the tesoro and quail west resorts in florida. Edward robert bobby ginn iii is the chairman and ceo representing several of the ginn family companies, over 200 family owned companies from developing to the.
This is going to erode their values. Lots of people were there long before bobby ginn arrived on the scene. ginn cos. Purchased quail west in april 2005 for $63. 5 million. Here is a little press release from our friends at the golf channel that may suggest some tuesday night tv viewing for those nascar folks victimized by this man:
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