A recent filing of a Paradise Valley resort’s reorganization plan in U.S. Bankruptcy Court could signal big changes for its future development.
MTS Land LLC and MTS Golf LLC, both affiliates of Crown Realty and Development, have submitted a new plan that could allow them to develop the shuttered Mountain Shadows resort property without a golf course or resort.
The reorganization plan in Bankruptcy Court includes a deadline for the Paradise Valley Town Council to approve the resort’s current redevelopment plan, which would retain the current proposal for the resort and golf course.
Read more: New plan would drop Mountain Shadows resort, golf course
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