Friday, January 21, 2011

Receiver Appointed for Ocean Breeze Golf Club in Boca Teeca

The court overseeing the foreclosure proceeding of the Ocean Breeze Golf Club property in Boca Raton has agreed to appoint a receiver of the property while the foreclosure proceeds through the legal process. While MCZ Centrum's LLC remains the owner of the property, the receiver will be responsible for the management of the property in order to protect the value to the mortgage holder, Wells Fargo Bank (formerly Wachovia Bank).

What does this mean for the future of the golf course? The receiver would be expected to bring-in his own management of the property since he is affiliated with a major golf course owner and management company. Hopefully, this receiver's management will result in long-promised improvements to the property which is located in the financially attractive area of eastern Boca Raton.

Golfers and area residents would benefit from improvements and professional management of this 27-hole championship golf course which is open to the public. We look forward to learning of the plans by this new management for this property.

6 comments:

  1. Great to hear that improvements are coming to this local golf course! FORE!

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  2. Hurrah! The developer is gone and so is their rep., Dennis Taback! They sucked out as much cash as possible and never fulfilled ANY promises to the residents in Boca Teeca.

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  3. Finally--Professional golf club management is coming to the only championship golf course open to the public in Boca Raton!

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  4. Condo residents in Boca Teeca are pleased to have have new management. We look forward to new owners improving the club for golfers, diners and residents of the area.

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  5. Residents of Boca Teeca are being given a second change to save their green space, so support the country club by playing golf and patronizing the restaurant.

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  6. Thanks for sharing your thoughts on this matter. You make some interesting points.

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