CHICAGO-The Pheasant Run Resort, located at 4051 E. Main St. in west suburban St. Charles, has missed its recent loan payment. The McArdle family has been placing its own money to cover up the 250-acre resort's operating deficits and retain the resort current on the $27.3-million loan.
According to Bloomberg LP's loan report, Pheasant Run has missed this month's loan payment that amounts to $169,992. The resort comprises 473 hotel rooms, a 100,000-square-foot meeting space, a comedy club and a 36-hole golf track. For the full story, go to Crain's New York Business.
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