Sept. 25, 2018 – Big Cedar Lake, WI – It spent less than a month on the market and now it appears there’s an accepted offer on the table for Timmer’s Resort.
It was August 23, 2018 when the story ran on WashingtonCountyInsider.com that George Prescott and his wife Judi confirmed Timmer’s Resort was up for sale.
“I decided after 10 -12 years I have a nice sense of accomplishment that I brought the resort back to life and I’ll turn it over to somebody else now to let them take it on,” George Prescott said.
Courtesy Wisconsin Historical Society
This week a spokeswoman for Prescott said, “Yes we have an accepted offer but we’re not at liberty to disclose the buyer. We hope to close on the sale yet this year.”
The Prescotts, who lives on Big Cedar Lake, paid $1.75 million for Timmer’s Resort and restaurant in October 2007. That was a little more than half the original $3.49 million asking price.
Courtesy Timmer’s Resort
Questioned what sort of buyer he was looking for, Prescott said he preferred “someone local who could maintain the integrity.”
“I’m biased but I think the public will be better served with local ownership rather than remote ownership,” he said.
Prescott qualified Timmer’s as “a special place.”
“There are conversations going on with serious contenders who have some thoughts on what to do with it and we want to cooperate with them. So we will see.”
More details are expected to be released in the coming weeks.