Jeff Katofsky, potential Sugar Loaf buyer?

Beautiful Vista at Sugar LoafTraverse Magazine interviews a potential buyer for Sugar Loaf. The article begins:

Sugar Loaf Resort in Cedar has been shuttered since 2000. Leelanau County’s largest employer and a destination for thousands of travelers from around the region and downstate, the resort suffered through a host of owners who sold off parts—the golf courses, townhouses and water treatment plant—until Remo Polselli closed it for good 16 years ago. Polselli and subsequent owners, or those portraying themselves as owners, generated publicity, but nothing more.

Enter Jeff Katofsky, a Southern California attorney and property developer, who also is part owner of a minor league baseball team. Sugar Loaf was among three properties he was awarded as a result of court proceedings against Polselli. The former Detroit Metropolitan Hotel in Romulus is already in the midst of a complete renovation, and is expected to open later this summer as the Radisson Hotel Detroit Metro Airport. Katofsky is beginning plans to refurbish the St. Clair Inn in St. Clair. Like Sugar Loaf, it was a community hub, and it too has been sitting vacant, though for only two years.

With Leelanau County officials sorting through the mess of legal paperwork and nature slowly eroding the resort, returning Sugar Loaf to its former prominence is a massive undertaking. Katofsky plans to visit the property this summer, but isn’t yet making any promises to rebuild it, though he is hopeful such potential exists.

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