
Cincinnati investor Mercer Reynolds has run into major financial difficulties with his huge luxury golf and residential community in Georgia that could result in the loss of property that?s been in his family for about a century. Bank of America is suing Reynolds? and his cousin Jamie Reynolds? development company, Linger Longer Development Co., calling the $155 million note and getting a receiver appointed to run the high-end Reynolds Plantation. The Greensboro, Ga., community includes six golf courses (including one designed by Jack Nicklaus), four marinas and a Ritz-Carlton...

Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/24f3TWdhsKw/reynolds-still-has-high-powered-friends.html
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