The Tanna Farms Golf Club is in foreclosure!

The Tanna Farms Golf Club is in foreclosure!

It looks like our ubiquitous Geneva real estate/developer mogul is facing some tough times.  In My Geneva Patch column today, we discuss how those residents could’ve use that little detail as an argument against those dreaded incoming apartments. 
Apparently the club is $3 million in arrears and, according to a good source and the public record, Kent Shodeen himself is on the hook for a personally guaranteeing the facility to the tune of $39 million. He’s a party to the foreclosure suit in federal court.
The point of the column is that you want to argue fact when your facing a municipal or county board. Screaming about low class renters won’t get you anywhere.

One thought on “The Tanna Farms Golf Club is in foreclosure!

  1. This scares me, not because a another privately-owned golf course is going broke, but because the Kane County Forest Preserve District may buy it to add to its collection, and take still another piece of property off the tax rolls.

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