Your tip
RadarOnlineRadarOnline
BREAKING NEWS

Tiger Woods' Posh Golf Resort In Dubai Put On Hold

//wenn

Jan. 31 2011, Published 9:24 a.m. ET

Link to FacebookShare to XShare to Email

The planning of an upscale golf resort in  Dubai, slated to be designed by and named after serial-cheating golf legend Tiger Woods, has been suspended, RadarOnline.com has learned.

The developer, Dubai Properties, said in a statement Monday it "can confirm it has  suspended the project" and "this decision was based on current market  conditions that do not support high-end luxury real estate.”

The  resort's blueprints call for nearly 300 residences including palaces,  mansions, luxury villas, golf villas and an 18-hole, all amenities the  developer claims the current economy cannot bear.  

Article continues below advertisement

"These conditions will continue to be monitored and a decision will be made in the  future when to restart the project," according to the developer.

It’s the latest trip-up business-wise for Tiger, who industry analysts claim lost  as much as $30 million in endorsements in 2010, after his cheating scandal  tarnished his image and ended his marriage.

RELATED STORIES:

Tiger Woods Loses Magazine Deal

Tiger's Mistresses Hold 'Anniversary' Party

MORE ON:
Breaking News

EXCLUSIVE: Tiger Woods' Porn Star Finally Admits Sex Tape Is Fake

Advertisement

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

Opt-out of personalized ads

© Copyright 2024 RADAR ONLINE™️. A DIVISION OF EMPIRE MEDIA GROUP INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.