Stop me if you've heard this one before, but a Tiger Wood golf course development is being put on hold. After having to deal with the backlash for the money he made on his failed course project in Dubai, Woods is now dealing with another development blunder, as the Cliffs luxury community in Ashville, N.C., reported that it's having trouble selling homes in the development.
In this economy?!? No way! As Charlotte's NewChannel 36 reported, the first course on the site was supposed to be built in 2007. But with developers stopping construction, it looks like the earliest the course will be finished is late in 2013.
The design is done. The land is prepped. But construction is on hold. [Developer Jim] Anthony said construction on the course ended in late November.
Woods unveiled plans for the Cliffs at High Carolina in August 2007. He greeted a crowd of prospective homeowners back then, saying, "We're looking forward to the golf course taking shape over the next couple of years."
Seriously, Tiger has had some really bad luck -- or good luck if you look at the money he's made for failed course projects -- getting his courses to actually look like, you know, an actual golf course. One had six holes built, while this is still in the early stages after almost four years.
Woods' name is still a big seller, but after Hydrant-gate, his image definitely took a hit. And with the economy tanking he suddenly found himself in a perfect storm. Who knows if this development will ever get off the ground, but right now like Woods' chances of besting Nicklaus' major record, things are certainly up in the air.