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Article: KSL Recreation Corp. Gets Lake Lanier in Georgia.(Originated from The Atlanta Journal and Constitution)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 18, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA--May 18--It's a deal for the 1990s: A state government is aching to get out of the recreation business; a corporate suitor is ready to accommodate.
Georgia this week turned over the keys to the 1,200-acre Lake Lanier Islands resort to KSL Recreation Corp. KSL has a 50-year lease to manage Lake Lanier and its 600 employees, although final details are still being worked out.
For now, KSL is downplaying any plans for sweeping changes at the resort. But in early proposals to the state, plans included another golf course, an expansion of the Hilton hotel, family vacation villas and a nature walk. It has also proposed a Pleasure Island, a music hal ...