BURIED DEEP IN THE ROUGH | SHAKY FINANCES PUT BITTERSWEET GOLF CLUB FUTURE IN DOUBT | NEWS FOCUS: GURNEE GOLF COURSE IN FORECLOSURE

News-Sun, The (Waukegan, IL) | December 15, 2000 | Copyright

GURNEE -- Once a verdant example of cooperation between municipal and private sectors, Bittersweet Golf Club, built in 1996 on the village's burgeoning west side, now faces financial ruin. Foreclosure proceedings on the course, filed last month by Old Kent Bank in Lake County Circuit Court, have piled up mounds of conjecture about the future of the course.

Attorneys for the bank are waiting for a response from Bittersweet Venture LLC, the partnership which Old Kent -- formerly Grand National Bank -- said failed to make mortgage payments and late fees totaling $96,000 for July and August on a ...

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