Once-troubled Florida resort has a new strategy: Go more expensive, more exclusive

With financial troubles dogging the property, the once-pristine golf course was neglected.
Calmwater Capital assumes control of the troubled Banyan Cay Project and its Jack Nicklaus golf course in West Palm Beach

New owner vows to complete Banyan Cay Resort & Club in West Palm Beach.
The Florida golf resort that has been in the works for years could finally be on track

The resort was slated to be completed in the fall of 2022 after years of construction stoppages and legal woes.