Plans for Tiger Woods' Dubai golf resort scrapped
Tiger Woods missed out on an opportunity to extend his empire to Dubai, but you shouldn't feel bad for him.
Tiger Woods' struggles -- well, you call them "struggles," I say he's won four times this season and everybody is insane for torching him because he hasn't won a major in five years -- apparently extend to off-the-course ventures as well.
According to the Los Angeles Times, a planned Tiger Woods-designed golf resort in Dubai has been cancelled due to a downturn in the economy.
Here's what the Times article had to say about the project:
"The ambitious project, in conjunction with Dubai Properties Group, was to include a championship course surrounded by nearly 200 villas, mansions and palaces. A boutique hotel and golf academy were also in the works, with Woods reportedly paid $55 million to design and promote the resort."
The project was actually suspended in 2010 before finally being canceled this week.
Don't feel too bad for Woods, though -- he has plenty of other golf course projects in the works. Case in point:
And he made $78.1 million last year so, yeah.
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