A home owners’ group in Newport News, Virginia has closed on its planned purchase of Kiln Creek Golf Club.
“We now have the opportunity to control our own destiny and protect home values for our residents,” the president of The Villages of Kiln Creek Owners’ Association said in a comment published by the Williamsburg Yorktown Daily.
The association paid $3.5 million for an 18-hole, Tom Clark-designed golf course, an abandoned nine-hole course, a 15-room hotel, two restaurants and the usual recreational amenities. The assets acquired by the association reportedly have an assessed value of $6.3 million.
The seller was Dick Ashe, who’d hoped to build houses on the defunct nine-hole course. The home owners will maintain the track as open space and may put a conservation easement on it.
Affinity Management has been hired to operate the golf course, which will be open to the public.