Northern Nevada Business Weekly

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January 27, 2014
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Price reduction spurs sale of Genoa golf properties

The sale last week of the two golf courses at Genoa Lakes marks another re-setting 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 sales price was less than the $3.5 million Bank of America claimed Antoci owed on the courses in court filings leading to the 2012 receivership. Ted Stoever II of Colliers International …

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The Record Courier Updated Jan 28, 2014 03:49PM Published Jan 29, 2014 08:52AM Copyright 2014 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.