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Tobiano Golf Resort in trouble!

The 18-hole, high-end troubled Tobiano Golf Resort, at Kamloops has been on the market since last September. Receiver Bowra Group said the developers owe the Bank of Montreal about $26 million, and there is also money owing to suppliers. Lot prices were slashed in half in 2010, but only three lots sold all of the last year.

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Alexandra Axsen
Owner/Managing Broker
Lake Okanagan Realty
Tel: 250.870.2792
Alex@LakeOkanaganRealty.com 

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