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Texas Firm Pursuing International PGA Golf Resort

ZAGREB, CROATIA-The Blackard Group of McKinney, TX sends a senior executive here today on a five-week trip that will continue site selection and due dligence for a billion-dollar golf resort along the Adriatic Sea.

By Brian K. Miller | Updated on January 03, 2006

ZAGREB, CROATIA-The Blackard Group is moving forward with plans to secure land for a billion-dollar PGA golf resort somewhere along this country’s Adriatic coastline. The McKinney, TX-based developer has a tacit agreement for the resort with Buena Vista Hotels International, which holds the exclusive PGA license for Europe, according to Blackard’s senior counsel and international liaison, Charles Batchelor.

Batchelor left today for Zagreb, the country’s capital, on a 36-day due diligence mission that will set the stage for a longer trip in the second quarter of the year that could firm things up. Batchelor tells GlobeSt.com the current trip will involve setting up an office in Zagreb; visiting potential sites; figuring out local processes and procedures for development; determining what kind of financial obligation will be necessary and; determining what regional materials and manpower could be available for the project.

Croatia is roughly equivalent in size to West Virginia and home to 4.5 million people. The “C”-shaped country sits on the opposite side of the Adriatic Sea from Italy, and its government has started the process to join the European Union. Blackard has a certain affinity for the country, having developed in its hometown of McKinney a replica of Supetar, a Croatian fishing village on the Adriatic Island of Brac.

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