Plans for a Greg Norman-designed boutique golf course near Wollongong has been compromised as the company owning the land has been placed into liquidation.
VIG Huntley Golf Pty Ltd and VIG Huntley Pty Ltd, two subsidiaries of Visionary Investment Group, went into liquidation with notes issued on September 11 this year.
It’s a change of fortune from three years ago when the world famous golfer flew in by helicopter to Avondale, just west of Lake Illawarra, in October 2017.
Together with Michael Guo, Visionary Investment Group’s chief executive, Norman outlined plans for a golf course complete with a 120-room hotel, a day spa and generously-sized residential allotments.
“From our perspective it’s going to be a magnificent golf course, it’s going to be a destination, the one you have to go to,” Norman said at the time.
A site like this, to create a diamond out of a piece of coal it takes a long period of time, and the diamond is sitting underneath.”