|Latest Village News|
Resort Update 5/17/13
As many of you know, Izatys Resort has been bank run for the past 4 years. Recently The Village at Izatys has been notified that the bank has sold Izatys Resort to a company called Izatys Acquisition Group. The new owners are planning to have the Blackbrook and Sanctuary golf courses open this season. The rest of the resort which is the clubhouse, pools, and links lodge hotel will be closed for extensive renovation with the intentions of having a grand reopening May 2014. The Village at Izatys Association is excited about the new owners and their plans to bring Izatys Resort back to its original splendor.
The Village at Izatys
Welcome to the Village at Izatys, II's only Minnesota based Premier Gold Resort.
The Village at Izatys on Lake Mille Lacs, only 90 minutes from the Twin Cities, is an exclusive yet affordable resort with year-round activities. Owners at the Village at Izatys enjoy full use of facilities of the renowned Izatys Resort including one of Minnesota's top golf courses, Blackbrook , the spectacular club house, outdoor pool, bar and restaurants and the full service marina.
Whether your interests include golfing, boating, and fishing or snowmobiling, cross-country skiing and ice-fishing, the Village at Izatys offers four seasons of endless activities.
Izatys Resort (bar, restaurant and indoor pool) Closed. This does not affect your timeshare reservations.
Please check under the 'Resort Updates' for the newest updates on the resort
To all Village at Izatys Timeshare Association Owners,
There was a fire in unit 116 of
The Izatys Townhome Association last evening. The units affected were
116,115,114 and 113. No one was hurt and there is no damage to any other
units. This in no way affected any Timeshare Units.
April 13, 2011
Izatys bank seeks new purchase agreement
The Izatys purchase was up in the air at press time on April 10. Roy Winjum is still hopeful that he will complete his purchase of Izatys Resort and get to work on a 250-site RV park when the ground thaws.
On Monday, April 4, Winjum appeared in Mille Lacs
County District Court seeking an extension to the purchase agreement he
signed over a year ago with Commerce Bank, the current owner of the
Tollette said of Commerce Bank, “They are wanting a
little more money. But nothing that’s a deal breaker. The bank just
wants to start fresh with a cleaned up purchase agreement.”
April 27th, 2010
Izatys Resort Now Open!
As of April 16th, Izatys Resorts Black Brook golf course has been open. The restaurant, bar, and marina are also open limited hours until May 1st, 2010.
When Jason Tollette announced that a pair of local businesses were going to join him to open Izatys Resort in April 2009, skeptics grinned.
Since the resort filed for bankruptcy and closed abruptly in October 2007, there just wasn't much to be positive about.
February 12, 2009
Commerce Bank Gets First Izatys Offer.
September 19, 2008
on September 11, 2008, Izatys Group LLC has turned
over control of the Izatys Resort property to Commerce Bank.
September 12, 2008
After months of uncertainty, U.S. Bankruptcy Court
Judge Nancy Dreher has ordered that the Izatys Group, LLC Chapter 11
reorganization case be converted to a Chapter 7 liquidation.
June 19th, 2008
Just prior to Wednesday's hearing Izatys Group and
Commerce Bank reached an agreement which will allow Izatys until August
31, 2008 to implement its work-out plan.
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