Country Club of the South set for auction

Country Club of the South, a private North Fulton country club with a golf course designed by golfing great Jack Nicklaus, is scheduled to be sold at a foreclosure auction on Jan. 5, 2010, operations manager Michael Ryan said Friday.

The property scheduled to be sold is owned by Country Club of the South Inc., and includes the golf course, clubhouse and other club facilities. The Bank of North Georgia is the club’s secured lender.

“Like everybody else, the economy is a factor,” Ryan said.

The scheduled auction does not include the more than 700 homes that make up the affluent Country Club of the South neighborhood, which is separate from the operation of the club .