Billy Casper Golf was selected to operate the city-owned Stonetree Golf Club in Killeen, Texas, on March 26. It is only the second Texas course for the Virginia-based company.
The five-year deal will see the city pay Billy Casper Golf $90,000 per year to run daily operations at the 7,200 yard par 72 course, with additional bonuses offered for meeting certain performance thresholds.
The contract takes effect on May 1, and the contract can be extended an additional three years by mutual agreement of both sides.
The Killeen Daily Herald reported that the course has averaged an annual operating loss of $318,000 during the last five years. Killeen is located between Austin and Waco.
Billy Casper Golf is the world’s third-largest golf management company, with close to 160 courses in its portfolio. The company, which celebrated its 30th anniversary last month, has been focused on adding municipal courses to its stable, so Stonetree fits into its recent strategy.
Stonetree opened in 1970 with a Jay Riviere design. It was renovated by Lee Singletary in 2005. The practice facility includes a double-ended driving range, short-game area, and putting green.
This is BCG’s second course in Texas, joining Stonebridge at Newport, northeast of Houston.