Leland Wykoff Posted December 16, 2020 Share Posted December 16, 2020 The Sandusky Register reports on a lawsuit filed by former partners of Sawmill Creek Resort claiming they failed to receive profits from the sale. Of particular interest are alleged revenues and losses reviled in the filing. The suit claims the marina saw only about $330,000.00 in revenue in 2017. The golf course was operating at a loss most years acording to the court filing. The Resort was reportedly in debt. Cedar Fair acquired Sawmill for around $13.4 million dollars. Originally announcing a two year renovation and refreshment would be undertaken. Cedar Fair did an about face and announced a full closure of the Resort with all or most work to be completed over the winter and spring. Renovation efforts were reportedly suspended, stopped, or significantly pared back following the pandemic outbreak. https://sanduskyregister.com/news/293624/former-sawmill-investors-sue/ Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted December 20, 2020 Author Share Posted December 20, 2020 Interesting development involving management of a Sandusky marina. Given Sawmill Creek marina has a history of losses (see allegations from lawsuit in report above). Perhaps consolidation in Marina operations is coming to the lake front: https://sanduskyregister.com/live-content/subscribe/ Quote Link to comment Share on other sites More sharing options...
jsus Posted December 20, 2020 Share Posted December 20, 2020 1 hour ago, Leland Wykoff said: https://sanduskyregister.com/live-content/subscribe/ That's a link to subscribe to Sandusky Register, did you mean to link to something else? 1 Quote Link to comment Share on other sites More sharing options...
Leland Wykoff Posted December 22, 2020 Author Share Posted December 22, 2020 Lets try posting the link again. Sorry: https://sanduskyregister.com/news/293840/marous-announces-acquisition-of-battery-park/#:~:text=SANDUSKY — Battery Park Sandusky — an,commissioners agreed to the deal. Quote Link to comment Share on other sites More sharing options...
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