The General Motors Garage Sale is in full effect, with the bankrupt behemoth selling off all random and peripheral properties and businesses it’s acquired over the last 100 years.
For sale currently are such thrilling items as a parking lot in Flint, Michigan and a self-polluted stretch of land bordering the St Lawrence River that poisoned and deformed a generation of Mohawk natives so that the classic Chevy Corvair could hit the roads in the 1950’s.
But the prize asset of the GM Garage Sale is, hands down, the Hyatt Hills Golf Complex in Clark, New Jersey. This is a 9 hole “Gem” of a course located less than 30 convenient miles away from Paramus, and only 18 minutes from the slums of Newark.
The course was built on the site of a 1930’s-era GM door handle factory. Players on the Hyatt Hills course are treated to spectacular views of abutting railroad tracks and clusters of telephone poles.
There is also an 18 hole miniature golf course, as well as a pro shop stocked with Bon Jovi polo shirts and Springsteen head covers for your favorite driver.
Also, be sure to make reservations at either Birdie’s Grill or the more formal Lana’s, which the 2005 Zagat survey called “undiscovered” and Food & Wine called “in existence”.
If owning a 9 hole golf course in southern NJ has been a lifelong dream of yours, here’s your chance! Contact GM’s innumerable army of restructuring and bankruptcy attorneys today about how you can submit a bid!
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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