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• The Ellington – 1,672 square feet, two bedrooms/2-1/2 bathes, priced from $600,000.
• The Rosewood – 2,479 square feet, three bedrooms/3-1/2 bathes, priced from $750,000.
Large gourmet kitchens feature furniture-quality cabinets; built-in island cabinet; stone countertops; walk-in pantries; recessed lighting; stainless steel two-compartment sinks with designed faucets; built-in refrigerator with stainless panels; convection oven and separate microwave oven; gas burner cooktop; and heavy-duty dishwasher and garbage disposal.
Because northern Michigan properties have diverse climates, the new cottages were also designed with a number of energy-saving features, including dual-pane, low “E” glass windows and doors; efficiency-designed air conditioning and heating system; programmable thermostats; gas hot water heater, and natural gas included at water heater, furnaces, fireplaces, dryer and cooktop.
Over the course of the past 18 months, developers have made dramatic improvements to the private golf and residential property that was formerly a cherry orchard. Last October, LochenHeath unveiled its new 4,500- square-foot sales center and $1.2 million temporary member’s pavilion. The temporary clubhouse will serve LochenHeath members for the next “two or three years” until the full-service 25,000-square-foot permanent structure is constructed. When completed, the permanent clubhouse will house a golf shop, men’s and women’s lockerrooms, casual and formal dining rooms, and banquet and special event facilities. Additional plans call for a 6,000-square-foot fitness center.
Designed by Florida-based golf course architect Steve Smyers, The Club at LochenHeath’s 7,049- yard, par 71 championship golf course has been recognized as one of the state’s finest. The course provides golfers with “a thorough examination of their golfing talents and abilities providing a multitude of risk and reward options with a premium on club selection and course management skills.”
As LochenHeath enters its second year, several custom homes are currently under construction, subject to strict design guidelines and architectural controls that will maintain the development’s commitment to high quality and long-term sustainable value. Michigan lakefront home views in LochenHeath are protected through meticulous site planning and positioning of all building pads. Lot prices in this prestigious Traverse City golf community range from $200,000 to $2.2 million.
Contact: Tony Kingsbaker Tony K & Associates
(PRWEB) July 20, 2006 -- With Tiger Woods preparing to defend his title, Bodog.com is setting the betting stage for the 146th British Open Championship as it returns to Royal Liverpool for four rounds beginning Thursday.
Betting interest in this year's British Open is expected to be the highest ever. A wide variety of posted odds allow bettors to wager on head-to-head-to-head matchups for each individual round. There are also a number of intriguing proposition wagers, such as "Will there be a Hole-in-One during the British Open Championship?"
In addition to winning the tournament, Bodog.com bookmakers have Tiger heavily favored to win his first 3-Ball match up:
Tiger Woods -265 Shingo Katayama +315 Nick Faldo +590
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In the wake of the news that the 49ers have signed receiver Michael Crabtree after an extended holdout, there has been not a hint of the dollars to be paid to Crabtree.
And since this means that his agent hasn't leaked the numbers, it means that his agent feels no specific motivation to do so.
Possibly because his agent isn't all that thrilled to have his name on the deal.
So the numbers will come from sources other than Crabtree's agent. And we've gotten our mitts into them.
Per a league source, Crabtree has signed a six-year, $32 million contract. (The total includes guaranteed money, base salaries, and the one-time incentive based on achieving minimum playing time.)
The deal also includes $17 million in guaranteed money.
As reported elsewhere, the deal can void to five years based on performance triggers, wiping out a final year base salary of $4 million. But they won't be easily reached.
The source tells us that, in his first four seasons (including 2009), Crabtree must either qualify for two Pro Bowls, or he must qualify for one Pro Bowl in one year and he must participate in 80 percent of the offensive snaps in a separate year in which the team makes the playoffs.
In other words, if in 2010 he qualifies for the Pro Bowl and the team makes the playoffs and he participates in 80 percent of the snaps, he'll still need to make it to the Pro Bowl or achieve the 80-percent/playoffs in another season.
Since the chances of Crabtree making the Pro Bowl or participating in 80 percent of the offensive snaps this year is roughly zero percent, he'll have three years to get it done.
And it won't be easy. Frankly, he'll be hard pressed to make it to one Pro Bowl in three years with the likes of Larry Fitzgerald, Calvin Johnson, Anquan Boldin, Steve Smith, the other Steve Smith, Hakeem Nicks, DeSean Jackson, Johnny Knox, Percy Harvin, Greg Jennings, Roddy White, T.J. Houshmandzadeh in the same conference for sportsbook betting.
So, by all appearances, it's a six-year deal. And at $17 million in guaranteed money, the per-year guarantee is a tepid $2.83 million per year.
There's another problem with the deal -- it has no mid-tier incentive package. Instead, the additional $8 million that Crabtree can earn (pushing the max value to six years, $40 million) requires the kind of unrealistic, mega-star performances that no rookie is likely to ever achieve.
So while the contract paid to Packers defensive tackle B.J. Raji covers five years and pays $22.5 million, he has the ability (if he's a solid player) to make up the difference between his base deal and Crabtree's five-year, $28 million haul via the mid-tier incentive package in Raji's deal.
And unless Crabtree meets the performance thresholds necessary to void the sixth year, he'll be stuck under contract for another year at a base salary of only $4 million.
There's one other area of concern with the deal. Crabtree, per the source, received no option bonus. Instead, he has significant money tied to a fairly new device known as a "discretionary salary advance," which unlike an opition bonus is subject to forfeiture if Crabtree decides in a year or two that he wants to hold out for a better deal. (We're also told that the 49ers have included language that would make certain escalators subject to forfeiture, too.)
Meanwhile, the deal falls well short of the mark for which Crabtree and agent Eugene Parker were aiming -- the five-year, $38.25 million contract paid by the Raiders to receiver Darrius Heyward-Bey, the seventh overall pick in the draft.
Even if Crabtree successfully voids the final year, he'll make more than $2 million per year less on average than Heyward-Bey.
Thus, as we explained earlier in the day, this is a deal that Crabtree could have done in July, which would have given him a much better chance of making a contribution to the 49ers during his rookie year.
So while the final outcome can be described as win-win, the broader view suggests that it's really a lose-lose situation.
To visit this sportsbook go to MySportsbook.com for all your college football betting needs.
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