Lajitas Resort on the auction block

Staff Report

NewsWest 9

A multi-million dollar Lajitas Resort is on the auction block.

A U.S. Bankruptcy Court ordered the sale this week.

Steve Smith of Austin bought the 25-thousand acre property in 2000 for 4.5 million dollars hoping to turn it into an exclusive desert getaway.

Smith filed for bankruptcy this past July owing creditors more than 16-million-dollars.

The 92-room resort includes a jet strip and the famous beer-drinking goat, Clay Henry the Third.

The auction will take place October 18th in San Antonio.