Northern Nevada Business Weekly

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January 27, 2014
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Price reduction spurred Genoa golf course sale

The sale last week of the two golf courses at Genoa Lakes marks another reset in the value of golf properties in the region. The Lakes and Resort courses at Genoa Lakes, which have been operating in receivership, were sold by MDA Enterprises Inc., a company controlled by retired Genoa banker Mario Antoci, to a group of investors in Northern Nevada and the San Antonio area. The $3.25 million sale price was less than the $3.5 million that Bank of America claimed Antoci owed on the courses in court filings leading to the 2012 receivership. Ted Stoever II of Colliers …

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The Nevada Appeal Updated Jan 27, 2014 10:25PM Published Jan 27, 2014 07:51PM Copyright 2014 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.