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Thread: Back nine may soon become a Starbucks — or a subdivision

  1. #1
    Cyburbian Plus JNA's avatar
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    Back nine may soon become a Starbucks — or a subdivision

    Page 1 Headline and Article in USA TODAY

    Highlights:
    Golf courses are being plowed under in record numbers to make way for residential and commercial developments.

    “Golf courses aren't generating the returns people like to see,” says Mike Hughes, chief executive of the National Golf Course Owners Association. “The land has appreciated so much in value that it makes abundant economic sense to turn the property over to other uses.”

    Hit hardest: golf courses built in rural areas that since have been surrounded by population growth. A golf course is a real estate developer's dream: about 150 acres of undeveloped land.
    Headline and Article:
    Cities try to parlay golf greens into greenbacks
    Case study/examples.

    Has this happen in your area ?
    or been involved in such a conversion ?
    Oddball
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  2. #2
    Cyburbian mgk920's avatar
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    Quote Originally posted by JNA View post
    Page 1 Headline and Article in USA TODAY

    Highlights:


    Headline and Article:
    Cities try to parlay golf greens into greenbacks
    Case study/examples.

    Has this happen in your area ?
    or been involved in such a conversion ?
    Bridgewood golf course in Neenah, WI was cut from 18 to 9 holes a few years ago. Part of the former 9 is now multi-family res, part single-family res along with a motel/restraurant/bar complex.

    I'm not sure of the dynamics involved, but I assume that the local golf market was overbuilt and the close in land was more valuable being developed.

    I am also aware of a 9 hole 'par three' course between Appleton and Neenah, WI that was closed in the late 1980s and is now a single-family subdivision with some commercial along the major street side.

    Mike

  3. #3
    Cyburbian illinoisplanner's avatar
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    There was a big golf course near me (18 hole) on a lot of land, that has since been surrounded by development on all corners. The original owner was going to sell it, probably to a residential developer.

    Luckily, the park district won a local referendum to buy the golf course and retain it as such.
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  4. #4
    Cyburbian abrowne's avatar
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    Golf courses here in Vancouver haven't been converted into housing - yet. I guess the market bears the number of courses just fine.

  5. #5
    Cyburbian jordanb's avatar
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    I'm trying to think but I know of only one non-city owned golf course (a "country club" in Mt. Greenwood) in this city. There also used to be a 9-hole course downtown that now has condo towers on it.
    Reality does not conform to your ideology.
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  6. #6
    Cyburbian mgk920's avatar
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    Quote Originally posted by jordanb View post
    I'm trying to think but I know of only one non-city owned golf course (a "country club" in Mt. Greenwood) in this city. There also used to be a 9-hole course downtown that now has condo towers on it.
    That little nine hole course in that former IC railroad yard (just south of the river/just west of LSD) was never intended to be a permanant thing, it was always expected to be a temporary use, just until the current development could get under way.

    And it is absolutely INCREDIBLE tall-building activity, too, as several in the 50-70 floor range are now in various stages of construction.

    Mike

  7. #7
    Cyburbian solarstar's avatar
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    It's being attempted here, but the golf courses are usually in PUDs so have to go through a lot of hoops first (none of which have been approved). The more upscale developments are building new courses, while the older developments are trying to close their courses down and put in new houses.

  8. #8
    Cyburbian Planit's avatar
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    A nice little nine hole course (Tierra Verde) in St. Pete, FL was closed several years ago (mid/late 80s) and turned into condo world. Two holes played along the water - along the left side went from rough, to sand, to water. There's also a course northwest of Charlotte, NC (Westport) that was closed about 5 years ago and there was talked about a housing development, but no activity and is just vanct land now. So this trend isn't exactly new. Alot of it has to do with land values, development pressure, course design (length/style), course maintenance/condition and play.
    "Whatever beer I'm drinking, is better than the one I'm not." DMLW
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  9. #9
    Cyburbian Emeritus Bear Up North's avatar
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    Back in the 1980's, west Toledo lost a small 9-hole par-3-type course. Purchased by a locally-owned big box (The Anderson's) and they opened a big store at that location.

    In Swanton, OH, one of the nicest golf courses in the area is on the verge of bankruptcy.....Valleywood. A local company, already owners of a number of courses in the metro, is actively offering to buy Valleywood. Because of the terrain, the creekside views, and the growth of Toledo's bedroom suburbs, it would be no suprise if developers bid higher for Valleywood and put it out of biz.

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  10. #10
    Cyburbian
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    Can't remember the name of it, but the golf course located at the Tech Center on the outskirts of Denver is going to be the site of a very large TOD. When I was therein February, they said the course was goingto be closed in a matter weeks and construction was to follow soon. Don't know the current status of it.

  11. #11
    Cyburbian hilldweller's avatar
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    Golf courses are generally built in Florida only to sell houses and usually become a money pit for the developer due to maintenance cost. They say that a golf course developer's happiest day is when he sells it.

  12. #12
    Cyburbian
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    We had a different twist here...A golf course which was losing large amounts of money was negotiating with the school district to sell them the property to locate 5 schools...Naturally, the NIMBY's won out and the sale was shot down...now the homeowners around the golf course get to look at a deserted overgrown course...

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