While Tiger Woods tackles the Augusta National Golf Course this week, he faces an uphill struggle with his company, Tiger Woods Design. In the five years since his company's founding, none of his three golf course projects has been completed. And one course, located in Asheville, will not resume construction until at least this summer.
His Asheville project, the Cliffs at High Carolina, reportedly paid him $10 million, and the golfing star attended the November 2008 groundbreaking with high hopes. The Cliffs reported then having sold 40 lots starting at $500,000 each. Since then, not much has happened.
For a more complete understanding of Tiger's designs, check out the NY Times article that discusses the apparent cancellation of his Dubai project, as well as problems with his other two planned courses.
While Tiger's off-course travails may have had some effect, the national economic issues appear have impacted the slow-down even more.
For information about golf property available in the area, we invite you to view current Asheville area golf course community listings on our site or contact Greybeard Realty.