Not long after Trigg County officials announced their intention, City of Cadiz officials did the same Tuesday evening — revealing in a letter to media that their governing body has decided to “decline any decision that regard the Arrowhead Golf Course.”
The rest of the letter reads:
“[It is] Due to the fact that the City of Cadiz budget cannot shoulder this burden, with the litigation of the restaurant tax and other infrastructure improvements that are required to be made.”
“The City of Cadiz feels, at this time, it is not in the best interest of our City to impose further impacts on the financial restraints that would incur in this venture.”
Residents of and around the Arrowhead development spent, at the very least, one executive session each with the Cadiz City Council and the Trigg County Fiscal Court — not excluding private discussions and overarching speculation.
In late March, a single bidder raised their hand during an auction of the developed and still-promising property — but it came in well below what owners were seeking in the moment.
Roughly 40 interested speculators and bidders observed efforts conducted by Josh Abner with Atlas Real Estate and Auction, with an unnamed individual from Hopkinsville posting $125,000 for a three-tract, 158-acre lot, and a $100,000 bid for an 88-acre tract south of U.S. 68/80.
Originally opened in 1996, it’s currently owned by K & J Golf Course Management.
The future of the property remains unclear at this time.