Thursday, November 19, 2009
Anderson Resorts of Leech Lake Eyeing Izatys
An outfit with major experience in the Minnesota resort business toured Izatys Resort grounds on Wednesday, November 18th. Anderson's Family Resorts owns six resorts on Leech Lake and was able to talk with Mike Edin, Golf Course Superintendent as well as acting General Manager Jason Tollete, who is also listing the resort for Meyer Commercial Real Estate. Four men toured Izatys, which was bought by Commerce Bank and partners at a Sheriff's Sale late last year. The resort closed for winter on October 20tha and is scheduled to reopen for business next spring under bank supervision. A consortium of local business owners stepped up and helped operate the various entities of Izatys this spring-summer and early fall. They operated Club 19, Blackbrook Golf Course, the Links Lodge and Walleye World. Commerce Bank has had several recent offers on the property but has not announced any deals to sell the resort. To get a glimpse at Anderson's holdings, go to http://www.andersonsleech-lake.com/ and you will see that they have holdings all around Leech Lake. There was no word on if the group made any offers.
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