Report: Tiger's relationship with Dubai Holding 'dissolved'
Sunday, July 14, 2013
Tiger Woods’ partnership with Dubai Holding has "dissolved," according to ArabianBusiness.com. Woods was supposed to be paid $55.4 million to design and promote the golf resort.
Dubai Properties Group, a unit of Dubai Holding, announced in January 2010 that work had been suspended but it would "continue to be monitored and a decision will be made in the future when to restart the project."
The developer will now look for other options to get the project underway, but will have no ties to Woods. The $1.1 billion Tiger Woods Dubai project announced in 2006 was scheduled to open in 2009. The original plan for the 55 million-square-foot project included 287 luxury villas and mansions, a boutique hotel and clubhouse, according to ArabianBusiness.com.
Woods will now turn his attention to Diamante Cabo San Lucas in Mexico, the fourth Tiger Woods Design project. The other three courses – Punta Brava in Ensenada, Mexico; The Cliffs in Asheville, N.C.; and Al Ruwaya in Dubai, United Arab Emirates – were never finished or never opened to public play.