Estero community survives Lehman Brothers bankruptcy to thrive

Posted by mortgagebroker in Real Estate, ... | 06.29.2009 - 5:00 pm

After Lehman Brothers, which has an equity interest in West Bay Club, filed for Chapter 11 bankruptcy protection in September last year, some questioned what might become of the community. With assets of more than $600 billion, Lehman filed the biggest bankruptcy in U.S. history. After the filing, there were rumors the golf club might be forced to close. But the developer _ known as West Bay Development _ has worked hard to turn challenges into opportunities, said Norman Radow, the company president, in an e-mail.


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