Proposals for a championship golf course designed by Jack Nicholas, to become the centrepiece of a £40 million luxury housing and leisure development in Aberdeenshire were abandoned two years ago when Edinburgh-based FM Developments put ten of its subsidiaries into administration - including the division responsible for the Ury project.
The company had announced that the Ury Estate at Stonehaven was to become home to only the second signature golf course in Scotland designed by Nicklaus, who in all won a record 18 golf majors.
It was announced that the mothballed project is back on course following the sale of the estate to a new company, FM Ury, established by a former director of FM Developments.
Nicklaus Design, includingJack Nicklaus, have welcomed the opportunity to resume their association with the Ury Estate project in Scotland.
Mr Nicklaus has visited the site several times, and believes that this special piece of property can be developed into an extraordinary golf course, and one which the people of Aberdeenshire will be proud of."
Richard Milne, a director of FM Ury, said: "We have got the estate back and we have got the designer Jack Nicklaus back. We will be fulfilling all our promises."
The original £40m development at the Ury estate was approved by Aberdeenshire Council's main planning authority, the infrastructure services committee, in June 2008.
Public meetings will be held later in August to discuss proposals.