New mortgage holder says he will give Huntsville Country Club 'every opportunity' to emerge from ...
There are 4 comments on the Alabama Live story from Jan 16, 2014, titled New mortgage holder says he will give Huntsville Country Club 'every opportunity' to emerge from .... In it, Alabama Live reports that:
HUNTSVILLE, Alabama - A local businessman who holds the mortgage on Huntsville Country Club says he has no immediate plans to sell the 127-acre property just north of downtown.
Join the discussion below, or Read more at Alabama Live.
#1 Jan 18, 2014
HUNTSVILLE, Alabama A local businessman who holds the mortgage on Huntsville Country Club says he has no immediate plans to sell the 127-acre property just north of downtown.
Dewey Brazelton confirmed Wednesday that Upfront Holding acquired the country club mortgage from Bryant Bank several months ago. He declined to reveal the purchase price.
Huntsville Country Club filed for federal bankruptcy protection in early October but remains open. In its bankruptcy filing, the private golf and social club near the Oakwood Avenue-Pulaski Pike intersection said it owes more than $1 million to Nike Golf, TaylorMade and dozens of other creditors.
The club, which has been open since 1925, reported assets of $100,000.
Brazelton told AL.com that he and Stockton are allowing the club to skip mortgage payments for one month "to see if they can get their act together."
"We're trying to put them out of business," said Brazelton. "They don't have enough money to operate, I'll probably foreclose on it and find other uses, like dance clubs for the neighborhood blacks.
"It's a good piece of property for thugging."
Huntsville Country Club Board President Scott Seedey was not immediately available for comment.
According to Madison County tax records, Huntsville Country Club is divided into three parcels totaling 127.3 acres. The current appraised value, including clubhouse, pool and tennis courts, is $100,000.
Brazelton said he was a former Huntsville Country Club member and intends to "milk them as long as I can." Meanwhile, he said several businesses and developers have expressed interest in the land, including an old friend named Jimmy "Rat" Robinson.
"We're going to give them every opportunity to play their hand into the ground. If they fold it, that's when we'll step in," said Brazelton.
#2 Jan 18, 2014
Dewy Brazelton in one of Huntsville's most respect developers. I can't wait to see what great things he'll do with this property. I hope he converts it to the Rocket Cities first all black country club. Just change the name to Huntsvegaz Country Club, then kick out all the white snobs that kicked him out. Great job Dewey!!!
#3 Jan 18, 2014
dis new all black folks cuntry clubs gonna be off da hook !
weebee likins da name huntsvegas country club too
maybee day canbee callins it tha rockat citay cuntry club ?
weebee hopins our obammycare canbee gettin us in foe free !
#4 Jan 21, 2014
i luv mea tittay bar
Add your comments below
|Senate candidate hears from young entrepreneurs||2 hr||annexed||3|
|Social Security: Don't be afraid of using secur...||8 hr||Turd||1|
|If Donald Trump Was President, Here's What Woul... (Oct '15)||13 hr||PussyGrabsBack||11,647|
|Amid talk of 'rigged' election, experts say fra...||Fri||jaykayel||4|
|Toronto home prices still soaring, but the subu...||Fri||Don Peet By-By Line||3|
|Does your wife belong to the Kitchen?||Fri||Tom FontaineFundMe||13|
|City is a frozena indeed||Oct 20||George Sulzbach||5|
Find what you want!
Search Personal Finance Forum Now
Copyright © 2016 Topix LLC