Terra Nova Resort, which includes two golf courses and a hotel, has gone into receivership, which means some Port Blandford workers are in limbo.
Port Blandford’s mayor hopes a new owner will take over the Terra Nova Resort, which is now in receivership, before a new golf season begins.
Chad Holloway says it will be bad news for his town if the resort doesn’t reopen.
“This definitely has a huge impact on our community as a whole,” Holloway told CBC’s On The Go.
CBC News reported Wednesday that the resort — which includes two golf courses, an 80-room hotel and rental cabins — was in receivership and owes $3.3 million to the Business Development Bank of Canada.
The resort, which was owned by Rex Anthony, will have its property assessed, and there are plans to try to find a buyer, but receivers BDOÂ could not guarantee it would reopen this coming spring.
That’s unwelcome news for the 60 or so people in Port Blandford who are directly employed by the resort, Holloway said, as well as for the many others in the town working in the tourism industry.
