The Pellucid Perspective - July 2020 - 17

Event

Transact

Course

DMA

Type/Holes

Summary

Casta Del Sol
GC

Los Angeles CA

Pub/18

City of Mission Viejo purchased the course from
American Golf. $13M got the 68 acre course
plus an additional 35 acres.

Meadow Lake
GC

Missoula MT

Pub/18

Purchased by local couple in Aug. 2019.

Bethlehem
CC

Burlington VTPlattsburgh NY

Pub/18

Sold by city to local couple. Bye bye to another muni.

Coyote Trails
GC

Phoenix
(Prescott) AZ

Pub/9

Purchased by Inspire Communities

Wanaki GC

Milwaukee WI

Pub/18

Purchase by the Storm family. Price undisclosed but list for $1.52M. County sheds a
deficit-inducing property.

Front Royal
GC

Washington DC
(Hagerstown
MD)

Pub/9

Operated by county, it became a royal pain in
the ass losing $100K a year. Saved by local
group that will lease the course.

Oak Ridge
GC

SpringfieldHolyoke MA

Pub/9

Previous owner filed bankruptcy in 2019 after
taking discounted member fees and fleeing the
state. Owed the bank $600K, bank settled for
$275K plus payment of $8500 tax bill.

Pub/18

Bankruptcy judge approves sale to local group,
$2.48M. Will it make money now?

Broadmoor
Links GC

Pub/18
GreenvilleSpartanburg
SC-Asheville NCAnderson SC

Purchased out of Warrior Golf bankruptcy by
local airport commission, $2.75M. To keep it a
golf course for now

Club West GC

Phoenix
(Prescott) AZ

Pub/18

A sordid tale comes to an end, with the course
sold for a final time to new owners planning
minimum development and maximum park and
green space.

Stone Creek
GC

Champaign &
SpringfieldDecatur IL

Pub/18

Donated to University of Illinois Division of
Intercollegiate Athletics by Atkins family. Gift
exceeds $15M.

Green
Meadow GC

Boston MA
Pub/36
(Manchester NH)

Sold to Ross Perot's Hillwood Development, to
convert the 300+ acres into high tech distribution centers.

Osage CC

ColumbiaJefferson City
MO

Owned by bank, sold to State Technical College of Missouri, Commercial Turf and Grounds
students will have hands-on education

Union CC

Cleveland-Akron Priv/18
(Canton) OH

New owners take possession Jan. 1 2021, have
lent $550K so far for upgrades. Bunkers not
touched for 50 years.

Cougar
Canyon GC

Denver CO

Pub/18

Another Warrior Golf failure, purchased for
$1.5M out of bankruptcy.

Blythewood
CC

Columbia SC

Pub/18

Formerly The Windermere Club - ans that's still its
website, filed Ch. 11. But, it owes nothing to vendors,
repalced its greens early this spring, and the owner
has plans to invest more. Must be that nasty mortgage thing that's dragging them down. Kind of.

The Bull at
Milwaukee WI
Pinehurst Farms

Pub/9

Redevelopment
Status Change

Distress/
For Sale

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THE PELLUCID PERSPECTIVE

17


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The Pellucid Perspective - July 2020

Table of Contents for the Digital Edition of The Pellucid Perspective - July 2020

TOC
Dangerous Beauty: Is Harder Better?
Another perspective on “charity begins at home”
How is/will COVID impact supply/demand (im)balance?
Neutral national June results, regional “mileage” varies
May Utilization posts nice gain but rounds “rebound” underwhelms
Chicago has a strong golfer base, just needs more motivation/activation
26 Activities; Transacts handily beat Closeds 15-7!
The Pellucid Perspective - July 2020 - TOC
The Pellucid Perspective - July 2020 - Dangerous Beauty: Is Harder Better?
The Pellucid Perspective - July 2020 - 3
The Pellucid Perspective - July 2020 - 4
The Pellucid Perspective - July 2020 - Another perspective on “charity begins at home”
The Pellucid Perspective - July 2020 - 6
The Pellucid Perspective - July 2020 - How is/will COVID impact supply/demand (im)balance?
The Pellucid Perspective - July 2020 - 8
The Pellucid Perspective - July 2020 - 9
The Pellucid Perspective - July 2020 - Neutral national June results, regional “mileage” varies
The Pellucid Perspective - July 2020 - 11
The Pellucid Perspective - July 2020 - May Utilization posts nice gain but rounds “rebound” underwhelms
The Pellucid Perspective - July 2020 - 13
The Pellucid Perspective - July 2020 - Chicago has a strong golfer base, just needs more motivation/activation
The Pellucid Perspective - July 2020 - 15
The Pellucid Perspective - July 2020 - 26 Activities; Transacts handily beat Closeds 15-7!
The Pellucid Perspective - July 2020 - 17
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