Â I have been following the Black Bull story for years.Â Â My golf days are numbered as my passion is fly fishing, butÂ I know my way around a golf course and more importantly, I see some great â€˜tractionâ€™ at Black Bull.Â
you donâ€™t know the background, the owners of Black Bull gave the
property back as they couldnâ€™t make it work based on their initial
investment â€“ follow this link for details - http://www.bozemandailychronicle.com/news/article_dda73acc-3855-11df-a77d-001cc4c002e0.html
After a Chapter 11 bankruptcy filing by the developers, the property was auctioned to the highest bidder.Â The winning bidder was a developer from California - Rob Schumacher - Â backed by Cross Harbor Capital Group out of Boston â€“ this is the same group that won the bid to buy the Yellowstone Club .Â Both the Yellowstone Club and Black Bull are now on solid footing â€“ see this article for details http://www.bozemandailychronicle.com/news/article_ad79635e-7934-11e0-90b7-001cc4c03286.html
Summarizing, the developers purchased 300 plus vacant lots, a club house and a Tom Weiskopf golf course for about $8.1 million.
Since Aug 1, 2011, the new owners have
- Sold 20 propertiesÂ (18 land and 2 homes)
- An additional four properties are pending (2 land and 2 homes)
- The home sales were all $500k plus - both pending and solds
- Land prices averaged about $148k â€“ high being over $200k
The developers have been getting a pretty decent return since the bought this project and moment is fantastic.Â If
you would like to learn more about Black Bull or if you are in town and
want a tour, I can set this up with a day or two notice.Â Just e-mail me at email@example.com or call 406.570.5730. It is a beautiful project.