Konocti Harbor Resort is a no go (part 1)

 

After more than ten months of planning and feasibility studies, the contemplated sale of Konocti Harbor Resort & Spa has been called off. Grant Sedgwick, spokesman for the proposed buyers, said his group had determined that acceptable financing for the planned acquisition and $100 million redevelopment of Konocti Harbor Resort & Spa did not appear to be available at this time. While that situation may change over the next several months, with continued economic recovery, the purchase contract required that a firm decision to proceed had to be made by May 31st.

Konocti Harbor Resort
Konocti Harbor Resort (Photo credit: Patty Mitchell)