A team from Southstar Development Partners has been working with the developers of Skywater to solidify the long term prospects of the project. Thad Rutherford, VP of Project Management for Southstar, said they have had “no problem getting interest in Horseshoe Bay and Skywater” from potential investors, but he is realistic about the difficulty of the current economic climate. Over the past months, Southstar has conducted a series of meetings with Skywater property owners, HSB Resort members who have upgraded to include Skywater privileges, the Resort leadership, contractors and City of Horseshoe Bay officials to obtain a comprehensive understanding of the project and to put together a financial plan. IBC Bank of San Antonio is continuing to fund the build out of Phase 3, including the roads, utilities and finished lot work.