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History Timeline
1969:
Di
Giorgio
and
Borrego
Springs
business
interests
propose
paving
Coyote
Canyon
road.
1982:
At
the
south
side of
Borrego
Springs
Di
Giorgio
begins
construction
on the
3,000 +
acre
resort
Rams
Hill
Country
Club.
Rams
Hill was
a
semi-private
course.
1988: Rams
Hill
County
Club is
sold to
the Southmark
Pacific
Corporation
/
Borrego
Springs
Development
Corporation.
1995:
Rams
Hill
LLC
auctions
off
3000
acre
country
club,
including
670
entitled
lots
and
1800
acres
of
raw
land.
source:
9/17/1995
LA
Times
1999: Larry
Latham
(Rams
Hill
LLC)
purchases
Rams
Hill.
2002: Western
United
Life
Assurance
Company
purchases
Rams
Hill.
see
WULA
Phase.
San
Diego's
Douglas
Wilson
Cos. was
appointed
by the
bankruptcy
court as
receiver
and
began
operating
the
property
in
October
2002.
2004:
Borrego
Investors
LLC, an
affiliate
of GH
Capital,
bought
Rams
Hill out
of
receivership
September
8 for
about
$15
million.
(see
Rams
Hill is
purchased
by GH
Capital
of
Sherman
Oaks, CA),
and
rebuilds
the
entire
golf
course,
renovates
the
clubhouse
&
redesigns
the
entrance
at a
total
cost in
excess
of 65
million
dollars.
The
county
club is
renamed
Montesoro
Golf &
Social
Club.
This was
the most
expensive
ambitious
project
in the
history
of
Borrego
Springs.
Ref:
SignOn
San
Diego |
Wiles
Group
2005:
The
Wiles
Group (TWG),
project
manager
for the
$80
million
redevelopment
of Rams
Hill
which
will
turn
Borrego
Springs
into one
of the
finest
golf
course
communities
in the
west,
has
selected
Gable-Cook-Schmid
Public
Relations
(GCS)
of
San
Diego as
its
agency
of
record,
citing
its
extensive
experience
in
developing
successful
programs
for real
estate
development,
land use
and golf
clients.
2007: GH
Capital
purchases
the Casa
del
Zorro in
December
from
David
Copley,
spends
more
than 20
million
dollars
in
renovations
and
changes
the name
to
Borrego
Ranch
Resort &
Spa.
Later
that
year the
Stock
Market
nearly
collapses.
2009: GH
Capital
places
Montesoro
and
Borrego
Ranch
Resort &
Spa on
the
market
for
sale.
Oct 1
Notice
is given
to the
employees
that
they may
be
terminated
Nov 30
if there
is not a
buyer or
new
investors.
Ref:
San
Diego
Reader
Termination
date
was later
extended
to Dec
31 &
then Jan
8, 2010.
2010:
Borrego
Ranch
Resort &
Spa, and
the
Montesoro
Clubhouse
Closes
on
January
8, 2010.
Rams
Hill
Community
Association
(RHCA) Office
moves
from
1672 Las
Casitas
to the
Entrance
Kiosk
Building
to cut
costs.
Montesoro
Golf
Course
re-opens
as a
public
course
in
November,
2010.
2011-03-28:
Desert
Sky
Estate
(Greg
Perlman
residence)
at the
Borrego
Springs
Air
Ranch
goes on
the
market.
source:
http://www.prnewswire.com/news-releases/desert-sky-estate-available-for-sale-in-borrego-springs-118784829.html
2011-06-29:
"Borrego:
Flipsville
Seeks a
Savior"
http://www.sandiegoreader.com/news/2011/jun/29/citylights1-borrego/
see
also:
uniontrib/20061216/news_1b16borrego.html
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