...from businesswire:
January 18, 2007 - 8:34 AM EST
Cal-Bay International Announces Funding Approval for $400M Southern Louisiana Residential/Commercial Golf Course Development Project
Cal-Bay International, Inc. (OTCBB:CBAY) announces funding approval for acquisition & development of Lafayette, Southern Louisiana golf course development property.
Cal-Bay Internationals Board of Directors today announced the company has successfully acquired funding approval from a recognized financial institution and has completed the final due diligence phase of the company's planned acquisition of the Lafayette, Southern Louisiana golf course development property that has been in transition since the last quarter of 2006.
...fom theadvertiser:
On Jan. 18, Cal-Bay International, of Carlsbad, Calif., said it finally had the money to purchase the 177-acre property in North Lafayette. On Thursday, Bill Fontenot, an attorney for the Buller family which owns the property, said efforts to strike a deal are over.
Cal-Bay ultimately couldn't produce funding for the project, though details about the negotiations couldn't be shared by Fontenot.
Originally published February 10, 2007
...i´m sure sec´s gonna love that...
roger, i hope you´re enjoying the race, might be the last you will be able to attend for a while...