Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  12/30/2009
 
Bluegreen Corporation
(Exact name of registrant as specified in its charter)
 
Commission File Number:  0-19292
 
MA
  
03-0300793
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
4960 Conference Way North, Suite 100, Boca Raton, FL 33431
(Address of principal executive offices, including zip code)
 
561-912-8000
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01.    Other Events
 
As previously disclosed, during May 2009 we entered into contracts to sell four of our golf courses located in North Carolina and Virginia. We also disclosed that if such sales were consummated, that they would result in a loss on disposal. Despite the expiration of these contracts pursuant to their terms during September 2009, we continued to pursue the sales and on December 30, 2009 we consummated the sales for an aggregate purchase price of approximately $10.3 million. In connection with these sales, we recognized a loss on disposal of approximately $10.5 million, which will be recorded in 2009.
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
Bluegreen Corporation
 
 
Date: January 06, 2010
     
By:
 
/s/    Anthony M. Puleo
               
Anthony M. Puleo
               
Senior Vice President, Chief Financial Officer and Treasurer