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The Pagosa Springs Valley Golf Course (dba Pagosa Golf LLC) has been placed in receivership by the District Court County of El Paso, Colo., in conjunction with a foreclosure initiated by the lender, Colorado Community Bank.
Along with Pagosa Golf, Monument Hill Country Club, a private club located in Monument, Colo., is also being assigned to the receiver. While Pagosa Springs Valley Golf Club has remained a successful enterprise in the Pagosa Springs community, other golf courses, such as Monument, once managed by Tri-Lakes Golf did not have the same experience, causing the bank to foreclose.
The full version of this story is available in the print edition of the Pagosa Springs SUN. Subscribe today by calling (970)264-2100.