No tee off for Dolores Golf

October 30, 2009

ADMINISTRATORS supervising cash-strapped builder San José Inversiones and the judge of Alicante’s mercantile court have prevented the company presenting a 4.5-million-euro deposit to start work on the Dolores Golf scheme.

The company went into administration in May 2008 and all major decisions must be approved by the court administrators.

San José owns most of the land at the site and was awarded with the tender to build the infrastructure for 2,600 homes and an 18-hole golf course before going into administration.

However the town hall will not now allow them to start the infrastructure work as they cannot pay the compulsory deposit which is approximately 7% of the whole investment.

An estimated 5,000 people were to live on Dolores Golf resort, although the town has a population of 7,300.

According to Sra Rodríguez the sales campaign of the scheme had not been launched when going into administration and no properties in Dolores Golf had been sold.