Touchstone to operate Monument Hill Country Club after former operator bails

The high price of water has helped Touchstone Golf secure a management contract in the suburbs of Colorado Springs, Colo. Earlier this year, citing what it described as “unsustainable” irrigation costs, Tri-Lake Golf LLC closed and forfeited its financial interest in Monument Hill Country Club. It said that the club’s future depended on “financial institutions willing to extend credit in this uncertain environment and a community united in finding reasonable and cost-effective solutions to water.”

Touchstone, which has nearly two dozen golf properties in its portfolio, will presumably operate Monument Hill until a new owner is found. Residents in the accompanying community fear that the golf course will turn into more houses, as the property is zoned residential.

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