AnchorBank prepares to take over fore...

AnchorBank prepares to take over foreclosed resort

There are 1 comment on the Bizjournals story from Oct 11, 2010, titled AnchorBank prepares to take over foreclosed resort. In it, Bizjournals reports that:

Lake Lawn Resort is not taking reservations for events after Nov. 30 and probably won't honor reservations after that date as AnchorBank prepares to take over the foreclosed Delavan property, according to court documents.

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keeldog

Palos Hills, IL

#1 Oct 11, 2010
this is what happens when u ignore your core business model. Lake Lawn is the longest continuously operating hotel in Wisconsin. The resort knew how to be a hotel, a place for weddings, for business meetings.The resort DIDN'T know how to be a real estate developer. Greed and the top of the real estate bubble hit hard.

It is a tragedy as Delavan will lose over 100 jobs and the ripples will be felt throughout Delavan. The town is losing a true landmark which will hurt property values as ell. Wht a shame that greed drove this once proud property into foreclosure.

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