The Continental Country Club in Flagstaff is bankrupt. The question is why.
A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country club’s homeowners association and other residents. In short, Continental’s answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly.
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