The Pellucid Perspective - October 2017 - 9

As is frequently the case with municipal land transactions, there is another
element to be considered. The land which The Lakes at El Segundo
occupies is owned by Chevron Oil, which operates a refinery nearby.

necessarily mean that TopGolf 's hopes are permanently dashed.
Given the slim margin of defeat and the fact that council and
mayoral elections come around frequently, plus the difficulty in
locating another affordable and feasible site in the Los Angeles
market, it may be that TopGolf will refine its offer and hope
that new city officials will be more favorable to TopGolf 's arrival. After all, when discussions between TopGolf and the city
began in 2013, the Council lined up 3-2 in favor of TopGolf,
but before the deal could be finalized, another election voted all
3 of those in favor out of office, so theoretically the same thing
could happen in reverse the next time around.
As is frequently the case with municipal land transactions,
there is another element to be considered. The land which The
Lakes at El Segundo occupies is owned by Chevron Oil, which
operates a refinery nearby. As part of its lease of the property
to the city, Chevron stipulated that the land would be used for
recreational purposes, ideally a golf course. Some participants

DISCOV ER

in the debate over TopGolf 's bid posed the question of what
would happen to the property if, after several years of operation
failed to meet TopGolf 's expectations and the facility closed,
what would the city then do with the vacant acreage. Chevron officials have reportedly insisted that the recreational use
mandate would remain, prohibiting other types of commercial,
industrial or residential development.
The other element, which also surfaces in most municipal
golf discussions, is that municipal golf is in many ways no different than parks, tennis courts, bike paths or other forms of
municipally supported recreation. In the local Daily Breeze
newspaper, El Segundo Mayor Suzanne Fuentes said, "There
is no Recreation and Parks facility in El Segundo that pays for
itself. They're all big money losers, but that's because that's a
service we provide."
For now, at least, it appears that golf at The Lakes will continue to be a service that El Segundo provides.
n

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The Pellucid PersPecTive
9


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Table of Contents for the Digital Edition of The Pellucid Perspective - October 2017

TOC
NGCOA casts its benchmarking lot with ORCA
The NGCOA Technology Conference: A long time coming, but worth the wait
City nixes TopGolf deal in surprise move
Credit Management a “hot” topic? Acushnet playing tough?
September golf weather impact: Flat for month, flat for year
Like the Sox, Boston course owners need better pitching
Improving, or approving, one’s lie
The Pellucid Perspective - October 2017 - TOC
The Pellucid Perspective - October 2017 - NGCOA casts its benchmarking lot with ORCA
The Pellucid Perspective - October 2017 - 3
The Pellucid Perspective - October 2017 - 4
The Pellucid Perspective - October 2017 - 5
The Pellucid Perspective - October 2017 - The NGCOA Technology Conference: A long time coming, but worth the wait
The Pellucid Perspective - October 2017 - 7
The Pellucid Perspective - October 2017 - City nixes TopGolf deal in surprise move
The Pellucid Perspective - October 2017 - 9
The Pellucid Perspective - October 2017 - Credit Management a “hot” topic? Acushnet playing tough?
The Pellucid Perspective - October 2017 - September golf weather impact: Flat for month, flat for year
The Pellucid Perspective - October 2017 - 12
The Pellucid Perspective - October 2017 - 13
The Pellucid Perspective - October 2017 - Like the Sox, Boston course owners need better pitching
The Pellucid Perspective - October 2017 - 15
The Pellucid Perspective - October 2017 - 16
The Pellucid Perspective - October 2017 - Improving, or approving, one’s lie
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