After months of negotiations and two auctions, an agreement was reached to sell Fyre Lake Golf Club on the final day of 2012. First State Bank of Northwest Arkansas sold Fyre Lake Golf Course, six condominiums, two homes and seven lots to FLGC LLC, headed by Quad City developer Todd Raufeisen, who is the president and managing member. Raufeisen made the announcement of the sale to the Argus/Dispatch on Friday. Raufeisen would not say how much he paid for the development. He did say he would resolve about $1.2-million in mechanics liens and $150,000 in tax liens. 170 additional lots continue to be owned by Fox River State Bank and Citizens State Bank  of Burlington, Wisconsin which were participating banks with Country Bank of Aledo and the FDIC. According to the Argus/Dispatch, GolfVisions, a company out of Northlake, IL has been selected to manage the facility. GolfVisions operates 22 courses in seven states. Fyre Lake Golf Club expects to open in March.