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GlobeSt.com UPDATE: Palmer Plans Two Courses at Sugarloaf as Disputed Project Takes New Twist

ORLANDO-The 72-year-old renowned golfer is talking with Tampa broker John Reaves who has contracted to buy the 1,433-acre tract atop a 350-foot high peak near Clermont, FL in rural Lake County for an undisclosed sum. Clermont is 25 miles west of Downtown Orlando.

By Alex Finkelstein | Updated on October 19, 2001

ORLANDO-Golf legend Arnold Palmer plans to develop two 18-hole championship golf courses atop the planned Sugarloaf Mountain mixed-use project in rural Lake County, 25 miles west of Downtown Orlando.

Palmer is talking with Tampa broker and former pro quarterback John Reaves who has had the 1,433-acre property under contract for two years. Reaves played with the Tampa Bay Bandits in the defunct United States Football League in 1985.

Palmer and Reaves couldn’t be reached at GlobeSt.com’s publication deadline to learn if the 72-year-old Palmer, a multimillionaire, will also have an equity interest in the entire project or will build the courses himself at an undisclosed estimated cost.

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