PGA golfer Tiger Woods will no longer be opening the "Tiger Woods Dubai Course" in the near future.
A $1.1 billion golf and property development, the course was originally scheduled to open in late 2009 but was postponed due to the national financial crisis.
Plans for the development included mansions and palaces for sale, as well as a boutique hotel and a Michelin-starred restaurant.
Unfortunately for Tiger, "Dubai Properties" has already issued a statement confirming that developers had ceased work because of "current market conditions that [do not] support high-end luxury real estate."
The project could be restarted some time soon down the line, but there is no guarantee or timetable as to when that might happen.
It has certainly been a tough year-and-a-quarter for Tiger, who recently went through a messy divorce with his wife Elin Nordegren.
Once thought of as a reserved but faithful husband, all hell broke loose for Tiger after he was caught trying to sneak out of his house after Thanksgiving dinner 14 months ago. Soon afterwards, word came out that Tiger had long been unfaithful, as a vast quantity of girls admitted they had once had an affair with Tiger.
Just a month before the end of 2009 and the completion of the first decade of the 21st century, many called Tiger's shocking infidelity the biggest sports story of the decade. As one of the richest athletes in the world, with close to $1 billion in revenue, Tiger lost many sponsors after the incident, including AT&T, Gillette and Golf Digest, to name a few.
Also devastating, rumor has it that Tiger paid his wife nearly $100 million in divorce settlements.
When the news broke out, Tiger took a leave of absence from golf. Woods joined a sex addiction treatment program for several weeks before proceeding to play some of the worst golf of his career, suffering the first winless season of his career in 2010.
Much of Tiger's poor play was attributed to psychological effects due to his failing marriage. The former No. 1-ranked golfer, now No. 3, began playing much better after getting divorced.
The halt on the "Tiger Woods Dubai Course" is just the latest bad news for Tiger since November of 2009. Woods won't be filing for bankruptcy any time soon, but his income and his image have certainly taken a big hit of late.