Golf course for sale after resort development founders

Golf course for sale after resort development founders
The Pegasus golf course in Waimakariri, north of Christchurch, is for sale. (Image: Supplied)
Maria Slade
Golf courses are often owned by individuals with big egos and deep pockets, such are the difficulties in making the ventures pay.This may be the future for the Pegasus golf course north of Christchurch, which is on the market after its current owner failed to raise the money to develop it as a tourist resort.Auckland-based builder and developer Sam Huo has owned the 18-hole championship course and sports club adjacent to the Pegasus township since 2017.He planned to turn it into a resort complete with a hotel, apartments, spa and hot pool...

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