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Mediterra golf members agree to buy club from Bonita Bay Group (Naples Daily News)

By On October 23, 2009 · Leave a Comment

After months of negotiations, Mediterra members have reached an agreement to buy their golf club from the financially strapped Bonita Bay Group. The deal was announced Friday. Members have agreed to buy the club for $6.8 million in cash and assume a $15 million debt for a Community Development District, or CDD, that helped pay for roads, sewer hook-ups and other critical needs as Mediterra got …

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Mediterra golf members agree to buy club from Bonita Bay Group (Naples Daily News)

 
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