Granby Ranch goes to lender in foreclosure sales; Ski, golf amenities delayed to Friday
Editor’s note: A previous version of this story inaccurately stated what properties had been sold to the lender. Three of the properties have gone to the lender, but the parcel containing the ski and golf resort was continued to Friday, Aug. 14. The story has been updated to reflect that.
Granby Ranch’s foreclosure continues with three more properties going to the lender.
On Friday, Granby Prentice paid the deficiency bid on three of the remaining four deeds of trust. The foreclosure sales had originally been scheduled for July 17 with one property known as the director’s parcel going to Granby Prentice as a deficiency bid on July 24.
The three properties that went to the lender were also deficiency bids totaling more than $2 million. The remaining parcel contains the majority of the ski and golf resort with a starting bid of $10 million. This sale was continued to Friday.
The future of Granby Ranch remains murky. While the parcel containing the ski and golf resort will likely go to the lender, the amenities will still be dictated by the lease-purchase agreement with the Headwaters Metropolitan District.
With the director’s parcel, Granby Prentice will probably take control of Headwaters and those agreements. Headwaters has not met since May 30 when it approved a contract with Touchstone Golf to operate the golf course this summer.
At the time, Headwaters President Lance Badger said talks continued with Ridgeline Executive Group, the agent of the lender that had previously indicated interest in taking on management operations.
Badger declined to comment. Neither Ridgeline nor a representative of Granby Prentice responded to a request for comment on Friday.
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