By Jolene Farley
Investors in a proposed golfing facility near Beaver Creek expect to hear about financing for the project by the end of next week.
"From all angles so far it looks good," said investor Mike Blank.
Things will happen fairly quickly after that, according to Blank. Eighty-six acres of land will be purchased for the development. Dirt work is scheduled to begin in early June.
Plans include a 7,000-square-foot entertainment facility including a restaurant, bar and banquet hall. Thirty-four lots, surrounding a nine-hole golf course, will be available for new home construction.
Seven lots are sold, and the remaining 23 are listed with a Sioux Falls Realtor.
Blank says approximately 35 individuals are interested in lifetime memberships. However, none has been sold to date. The lifetime memberships cost $4,000, and that includes the children until they are 21.
Investors Mike Blank, Rodney Scholten, Leonard Scholten and Tim Lange are not relying on membership sales to finance the initial project.