The Pagosa Springs Valley Golf Course (dba Pagosa Golf LLC) has been placed in receivership by the District Court County of El Paso, Colo., in conjunction with a foreclosure initiated by the lender, Colorado Community Bank.
Along with Pagosa Golf, Monument Hill Country Club, a private club located in Monument, Colo., is also being assigned to the receiver. While Pagosa Springs Valley Golf Club has remained a successful enterprise in the Pagosa Springs community, other golf courses, such as Monument, once managed by Tri-Lakes Golf did not have the same experience, causing the bank to foreclose.
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