Business Services Industry
Country Club Fight
Arkansas Business, Dec 18, 2000
We're uncertain if this investigation reflects lingering IRS angst, or if another Bell adversary has made good on a threat.
Jake Prince, the disputed owner of the 620-acre Belvedere Country Club in Hot Springs, promised to do what he could to ensure that the IRS would collect any money Bell gets from their controversial country club deal.
Prince, through his Razorback Entertainment Corp., is fighting to enforce a 1999 sales contract for $2.5 million with Bell's The Entertainment and Leisure Corp. Bell claims Prince didn't meet the conditions of the sale, voiding the contract.
That legal fight is still winding its way through the appeals process.
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