After exhausting options, Henderson County has been relieved of further responsibility to purchasers harmed by the Seven Falls Golf and River Club debacle. The grand opening alone was to be an extravaganza attended by Arnold Palmer and featuring helicopter and balloon rides and more. Over 125 of the 900 residential lots apparently sold in the neighborhood of $400,000; but an unknown number were likely sold to shell corporations to prime the pump. The project was funded by tens of millions of dollars from several banks, whose executives enjoyed trips to the Caribbean or Colorado ski resorts and even Super Bowl tickets at the developer’s expense. The developer, Keith Vinson, since defaulted, and is now serving time in federal prison for perpetrating fraud against lenders and buyers. The county had to sue Vinson’s underwriter to obtain the proceeds of a $6 million surety bond. County Attorney Russ Burrell then held discussions with fifteen developers of upscale residential golf resorts, but none saw a way to make the abandoned project viable. Burrell had further been unable to interest purchasers in forming a homeowners association to pay to complete roads, grading, water, and sewer. Following the court’s decision, the county will turn over the balance of the bond, $5,540,077.64, to the Henderson County Superior Court. The court, in turn, will settle the dispute over whether funds should be apportioned according to how much would-be residents invested in the property or per parcel.