Sale to follow bankruptcy filing at S.C. property

Wedgefield Plantation Country Club in Georgetown, S.C., is for sale, following a filing for bankruptcy by owner David Privette in mid-December.
The daily fee course was designed and built by Porter Gibson in 1974. Ownership group Wedgefield Plantation Golf & Country Club LLC listed assets of $6.1 million and debts of $5.12 million in the bankruptcy filing. 

U.S. rounds slump for 3rd straight month

Rounds at U.S. golf courses fell sharply in November, dropping 6.7 percent from a year ago.
The third consecutive month of decline totaled by the November National Golf Rounds Played report dropped the year-to-date total to 1.6 percent below the 2007 level, assuring that the overall numbers for all of 2008 will show a decline. Traditionally, only a small percentage of the total rounds are compiled in December.   

British clubs welcome £12.8 million player development grant

England Golf has received a grant of £12.8 million from Sport England to foster the growth of golf among juniors, families and other new player and member segments.
The grant is being hailed by many prominent club captains and industry representatives as a boon to many English clubs that have been hurt by bad golf weather seasons and the global economic downturn.

Alabama course sold for $3 million

Magnolia Meadows, an 18-hole course in Columbiana, Ala., was purchased recently by Double Eagle Development LLC for a reported $3 million.

The seller was M&F Bank, which had repossesed the property following the death of founder Jeff Falkner in 2007.

The new ownership group is made up of course superintendent Wade Nielson and clubhouse manager Fred Payne.

Wayne Rasco, course general manager for the past six years and the man who encouraged the pair to purchase the course and bring it back to stability, will remain on board.

Indonesia: $300 billion development launched

AKR Land Development has begun construction on Grand Kawanua, a multi-billion dollar development project in the city of Manado in North Sulawesi.

The 180-hectare project, which could take an estimated eight years and $1 trillion dollars to complete, will feature an 18-hole golf course, 200 hotel rooms and 1,500 luxury homes to go along with a variety of shopping centers, office compounds and a convention center.

Construction kicked off in May of 2008 after the developers secured an initial investment of $300 billion.

Scotland: Guardian House advances golf community plans

Cheshire-based developer Guardian House Ltd. is moving forward with plans for a golf course and luxury housing community in Connel. Named Saulmore Farm, the development will feature an 18-hole golf course with a full clubhouse including a restaurant and bar.

The first phase of construction, expected to cost as much as £16 million, got underway late in 2008. It will encompass construction of the golf course as well as the community’s first six houses. The four-bedroom houses are currently priced from €£600,000 to £€700,000.

Troon signs on to run 27-hole facility in Spain

Troon Golf has added a 27-hole course in Spain to its world’s-largest portfolio of more than 200 properties.

La Quinta Golf & Country Club in Marbella, located in Costa del Sol’s popular golf valley, includes three nine-hole layouts designed by Spanish architect Manolo Pinero.

Troon will oversee a major renovation at the 20-year-old property that will begin this year, according to owner Borja Pascual. The changes are designed to allow La Quinta to compete with a number of new courses that have opened in the area.

Harbin to direct Golf 20/20 operations

Longtime grow-the-game advocate Cathy Harbin will take over later this month as director of Golf 20/20, the World Golf Foundation-backed initiative aimed at increasing golf participation.

Harbin currently serves as general manager and director of leadership development and training at Honours Golf’s two World Golf Village courses in St. Augustine, Fla. She has been at the World Golf Village since the courses opened in 1997.

Maryland county pays $3.6 million for struggling course

The struggling Chesapeake Hills Golf Club in Lusby, Md. recently was purchased by Calvert County from the Maryland Economic Development Corp. for $3.6 million.

County officials said they planned to invest an additional $650,000 in the property to fund repairs and kick-start operations at the course.

The course measures 6,545 yards, with greens fees ranging from $25 to $50.

Originally designed by Jim Thompson and opened in 1968, the course received $1.5 million in improvements as recently as 2005.  


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