Northern Bay resort will stay open during bankruptcy proceedings

The filing of Chapter 11 bankruptcy by owners of Northern Bay Golf Resort and Marina in this Adams County town shouldn't be noticed by employees, guests or vendors.

[ONRATNBAY]

Does anyone see what's going on at this resort?
The list of investors / owners in foreclosure keeps growing each month. These are investors sold on the winter amenities that were never intended to be build. Occupancy rates and nightly rates that never came true. I smell securities fraud. Not to mention the resort has help hostage the rental revenues from owners since March 2008. Stay away from this place!

[WallStreetBiggie]

Just another example of Supply Side Casino Capitalism. I sure hope we can have another president like Bush soon.

[Yada yada]

OMG somebody gets it, exactly my thoughts. Some of the owners have taken alot of people
in this community also. What comes around goes around.... Glad someone else notices.

ONRATNBAY wrote:

Does anyone see what's going on at this resort?
The list of investors / owners in foreclosure keeps growing each month. These are investors sold on the winter amenities that were never intended to be build. Occupancy rates and nightly rates that never came true. I smell securities fraud. Not to mention the resort has help hostage the rental revenues from owners since March 2008. Stay away from this place!

[Northern Bay RIP OFF]

This Resort is a HUGE RIP OFF for those that believed William Ranguette, David Kennedy, Frank Mootz, Matt Mootz & Paul Gilberston would actually complete the Resort ammenities. These guys belong in prison for Securities Fraud and violation of WI Stat. 100.18. They just plain SUCK as humans!

[adams flash]

You must realize that the investors also lost millions.
One- why the f*** build in Adams county
Two- you are too far from the dells
Three- you cannot find qualified help in Adams county.
four- we were told that this would lower the propery tax in Strongs Prairie, quite the contrary. it had doubled.
five- they priced these condos sky high and too bad for them the economy tanked.
these will all turn into section 8 housing.