Showing posts from May 11, 2009

Melrose and the Daufuskie Island Resort Opens Again!!! Great News........

Date: May 8, 2009RE: OPENING OF MELROSE GOLF COURSEIt is with considerable pleasure that I am able to announcethat Melrose golf course operations will resume effective May 11, 2009. Plans call for a "soft opening" that includes homeowners, spa members, Melrose Club members, guests, Haig Point members, and other Daufuskie Island residents, although every effort will be made to bring public play onto the course as soon as possible.Clearing the way for this action was an authorization I received this past Wednesday, May 6, from the United States Bankruptcy Court, District of South Carolina, to borrow up to $1 million from Beach First National Bank of Myrtle Beach, SC which may be supplemented by an additional loan of up to $500,000 from a second source as necessary. In addition to the opening of the golf course the funding will be used to pay a variety of aging debts and current bills as well as the operation of resort assets involved in the bankruptcy until a sale of assets can