The project is entirely financed by Thomas Gallagher, David Newman, and Nicholas Gallagher. At the present moment, the three men run investments in Europe at a total value of over 1 billion euro. The ground-breaking ceremony of the 2000-decare Black Sea Golf & Country Club was held on October 24 in the littorial town of Kableshkovo, Pomorie Municipality. "The terrain looks like it has been created for a golf course on purpose. But when we first came here three years ago, this site was designated for a dung-hill. Fortunately, we came to an agreement with Pomorie Municipality and now we can make something beautiful." said Thomas Gallagher, one of the project's investors.
The project is value at 194 million euro. Nineteen million of that will be invested in infrastructure - roads, sewerage, electricity supply, and a waste-water treatment plant. The project is fully financed by Thomas Gallagher, David Newman, and Nicholas Gallagher. At the present moment, the three men manage investments in Europe at a total cost of over 1 billion euro. Pomorie Municipality joined Kabland Ltd, the joint stock venture set up to develop the project, by distribute almost 2000 decares of land for the complex' building in the picturesque area of Kableshkovo.
The complex will embrace a championship golf course (18 holes, 850 000 sq m), various sports facilities, a four- or five-star hotel, and houses and apartments with a bed-capacity of minimum 3000.