Florida city pays $5 million to keep course open
The city of Oviedo, Fla., has agreed to pay $5 million for Twin Rivers Golf Club to ensure that the struggling 310-acre property remains open.
Twin Rivers features an 18-hole, Joe Lee-designed course and was among a handful of Orlando-area venues owned by The Golf Group. Two years ago, The Golf Group, headed by Bob Dello Russo, closed Rock Springs Ridge Golf Club in nearby Apopka when it was in similar financial straits. The city will seek a private management firm to operate Twin Rivers.