Part of The Four Seasons Resort and Club Dallas at Las Colinas, is the TPC at Las Colinas golf course, which has hosted the Byron Nelson since 1983*. From the Dallas Morning News-
One of the Dallas area’s most exclusive hotel properties is facing a possible foreclosure.
Lenders have filed to foreclose on the Four Seasons Resort and Club Dallas at Las Colinas, a 400-acre hotel, spa and golf club in Irving.
The Four Seasons Resort and Club Dallas at Las Colinas has almost 400 rooms and hosts the annual HP Byron Nelson Championship golf tournament. The tournament isn’t expecting any impact from the resort’s financial problems.
The more than 400-room hotel is one of the state’s top-rated accommodations and hosts the annual HP Byron Nelson Championship golf tournament.
U.S. Bank NA is seeking repayment of a $183 million loan on the property and has scheduled a forced sale on Feb. 2, according to legal filings.
The foreclosure posting is the largest in North Texas in more than 20 years.
Golf is taking economic hits just like the rest of the U.S. economy. The annual San Diego Tour stop is without a sponsor and faces an uncertain future.
The 2010 Byron Nelson won’t be affected by the foreclosure sale.
George Conant, tournament chairman for the 2010 HP Byron Nelson Championship, said the golf tournament will not be affected.
“We are pleased with the improvements that have been made to the property in recent years to enhance the golf and fan experience at the tournament, and we look forward to another fantastic championship this May,” he said.
Even if Tiger Woods, the 1997 Byron Nelson Champion, is back playing the PGA Tour he probably won’t be in the field. Tiger last played the Nelson in 2005.
*- After the 1985 edition of the Nelson, which is infamous for Payne Stewart double bogeying both the 72nd hole and the first hole of Sudden Death, the Las Colinas Sports Club was transformed into the TPC at Los Colinas. I don’t know about anyone else, but I consider the changes to the course not to constitute a site change. Some golf journalists will probably write otherwise.
A site change- When a golf tournament moves from Course A to Course B. Not when Course A is rebuilt and renamed Course B.
Hat tip- Ryan at Waggleroom
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