Is Tiger Woods Dubai a $1.1bn golf and property development being canceled

Question

Is Tiger Woods Dubai a $1.1bn golf and property development being canceled. I guess anything with the name Tiger Woods is running out of fashion when it comes to money. But why is it being canceled after so much investment in it already?

Answer 1

 Cos it would take a helluva lot more investment to complete it, and in the current financial climate there are no guarantees it would make enough money to justify its existence. Woods game going down the pan doesn't help add to the resort's appeal either.