Landmark Land Company
| Industry | Real estate development |
|---|---|
| Founded | 1971 |
| Headquarters | Indian Wells, California |
|
Area served
|
United States Europe Caribbean |
|
Key people
|
Andy Vossler, President & CEO |
| Website | www |
Landmark Land Company is a real-estate development company specializing in the creation of golf courses and upscale communities.
The company was formed in 1971 when Gerald G. Barton took control of Godchaux Sugar Company, a bankrupt Louisiana corporation established in 1865, and changed the name to Landmark Land.
In 1976, Landmark opened the Oak Tree Golf Club in Oklahoma, designed by Pete Dye. This was soon followed by Belle Terre Country Club in Louisiana, and the La Quinta Resort and Club and Carmel Valley Ranch, both in California. During the next 30 years Landmark built 17 more courses with Dye.
In April 1990, the company was the subject of a probe by the U.S. Securities and Exchange Commission as a result of questionable accounting practices.
In May 1990, the company agreed to sell a 6,700-acre Riverside County parcel for $275 million. In June 1990, the offer was withdrawn.
In 1991, the company agreed to sell its assets for $739 million.
The deal fell through that year and the company filed for bankruptcy protection. Its savings and loan was seized by regulators. Barton lost everything.
In 2010, the company once again faced cash flow problems.
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Wikipedia