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Golf Community Reviews
Reynolds Rap: Residents nix over-priced offer of golf courses, other amenities
     After a month of voting, residents at Reynolds Plantation have overwhelmingly turned down the offer by the Reynolds family to purchase the community’s amenities, including six golf courses, for $45 million.  The final vote tally of 80% negative was reported by Toby Tobin at GoToby.com on Saturday (see Toby’s report here).  The no vote opens up the distinct possibility that Bank of America will begin foreclosure proceedings on the amenities this week.

        According to reports, the amenities were appraised at around $12 million.  Besides the wide gulf between appraised and offered value,

One wonders how 20% of Reynolds residents rationalized a vote to purchase the amenities.

residents complained that the Reynolds family was less than forthcoming about financial details and also insistent that they would continue to control decision making in the event the residents purchased the golf courses (designs by Pete Dye, Jack Nicklaus and others).  Given those terms and the price, one wonders how 20% of the residents saw fit to vote to buy the amenities, unless they preferred the “devil we know” to Bank of America.

        In a fit of pique, a Reynolds resident created a savaging homemade video soliloquy of Chairman Mercer Reynolds explaining the dubious reasons for residents to vote to approve the purchase (see it here).  Spanning the seven classic stages of grief, it seems Reynolds residents may have moved through 1) shock and denial for having thought Reynolds could escape the fate of virtually every other high-end, luxury golf-rich community; and 2) pain and guilt at having been so naïve; to 3) anger and bargaining -- anger at the Reynolds family and bargaining with Bank of America to purchase the amenities at a more reasonable price.  Here’s hoping they move through the next step, 4) depression, reflection and loneliness, and reach the road to recovery quickly.

Last Updated on Sunday, 01 May 2011 09:26
Sunday, 01 May 2011 09:14
 
High Test: Devil's Knob golf course at Wintergreen Resort a fair test from tips

        Our family is celebrating the college graduation of our son Tim this weekend by gathering at the Wintergreen Resort in Nellysford, VA, atop

For a mountaintop golf course, Devil's Knob is both flatter and narrower than one might expect.

the beautiful Blue Ridge Mountains.  On Friday, Tim, Tim’s uncle David from San Francisco, family friend John from Connecticut and I played the Devil’s Knob golf course atop the Blue Ridge Mountains at Wintergreen.  What the layout lacks in length -– it is just 6,700 yards from the tips -– it makes up for in sloped fairways and contoured greens.   Position is key off the elevated tee boxes at Devil’s Knob; on a few holes, a tee shot faded or hooked to off-center of the fairway will continue bounding toward the rough which, on the day we played, was cut (or I should say, not cut) to U.S. Open style.

        Still, the Ellis Mapls design is more restrained, if a bit more narrow, than I expected from a mountaintop layout.  Some of the locals suggest keeping driver in the bag “unless you play from the back tees.”  We gave it a go from the tips, which I hadn’t done in years, but the elevated tees at Devil’s Knob actually took some fairway bunkers out of play (too far away) and left more middle irons than long irons and woods into the greens.  The greens were still recovering from an earlier aeration but we were told that when they get back up to speed in both senses of the word, they will be treacherous.  Understood; the sloping of the fairways are mimicked on the greens, sometimes in the same direction but other times in the opposite direction.  Devil’s Knob is a golf course that begs for you to stick around at Wintergreen an extra day to take full advantage of what you learn on the first go.

        Today we make a return visit to Stoney Creek, the resort community’s bottom-of-the- mountain layout designed by Rees Jones.  Stoney Creek does not hide its charms. We wrote a few years ago during our first visit to the resort that, “The routing is clear and without surprise, with only one or two blind shots from the tees and no gussied-up landscaping.”  It should be fun.  Look for more notes on the Wintergreen golf community and its golf courses in this space in coming days.

Devils_Knob16

Although on the mountain top, Devil's Knob golf course is relatively flat.  Many condo units at the Wintergreen Resort, such as those beyond the 16th hole, are available for nightly, weekly or weekend rental and are a short drive from the interesting layout.  Another 27 holes are available for play at the bottom of the mountain. 

Photo courtesy of Wintergreen Resort Premier Properties.

Last Updated on Sunday, 29 May 2011 06:39
Sunday, 29 May 2011 06:15
 
New Partnership group may inherit the earth in the Cliffs Communities
     One of the impediments to a successful journey through and out of bankruptcy proceedings for the Cliffs Communities has been the hulking presence of the real estate development and investment company known as Urbana, which Cliffs Founder Jim Anthony had sued for fraud, claiming Urbana had conspired with a local bank to steal thousands of acres of his land. But that obstacle may have been pushed away when Urbana and Arendale Holdings, an arm of Jacksonville, FL’s Stokes Group, joined forces a couple of months ago. Now that combined entity and Steve and Penny Carlile, the couple who stepped in to save The Cliffs’ legendary amenities from closure, are joining forces to purchase the Cliffs’ real estate, as well as its amenities, including six and a half golf courses (the “half” being the Gary Player design for Mountain Park, which could be open as early as late this year).

        The bankruptcy court and trustee assigned to the Cliffs’ case will make the final decision on ownership, but the sketchy outline of a plan in the group’s March 23 press release seems to have Cliffs members, at least, breathing a collective sigh of relief (we’ve corresponded with a few in recent days). Beyond the usual corporate gobbledygook of the release -– e.g. “seamless club management and real estate solution” –- the group, which

A new Cliffs membership plan could cluster its golf courses into separate member plans.

is calling itself The Cliffs Partnership, points to its financial strength; its “control” (presumably through Urbana’s contested holdings) of 70% of the undeveloped lots in the communities; and an as yet unspecified “attractive membership plan currently under development.” The revised golf membership plan could include a further reduction in fees -– they are down to $75,000 from their highest level of $150,000 just three years ago –- and the clustering of the clubs geographically. Some members and other observers have been predicting that the three Cliffs golf courses along Lake Keowee might be offered as one membership, the courses closer to Greenville as another, and perhaps Cliffs at Walnut Cove, closer to Asheville, NC, as its own separate club. Cliffs golf members have told us they rarely travel to the other clubs that they, nevertheless, pay for; in splitting the memberships up by club cluster, the new owners would likely offer a lower-priced initiation fee and monthly dues, making the purchase of all those remaining lots more attractive. I’m pretty sure that those few wandering Cliffs members would have access to the other courses, but for a modest fee.

        Sales of lots, of course, are key to reinvigorating the golf clubs because they are the source of new members. If the Partnership does inherit the earth at the Cliffs, they will have to configure a more rational approach to club membership. They could start by abolishing any vestiges of the requirement that ties club membership to a property rather than to the individual. In Jim Anthony’s conception, if you declined membership

No reference is made to the Tiger Woods course.  The potential owners should ignore it for awhile.

when you bought your property, you would never be permitted to join -– unless you purchased another lot and attached membership to it. Such plans, used in a few other golf communities, are a relic of the glory days of the leisure residential market but are virtually unsellable to today’s more cautious and conservative buyer. To attract the important second-home buyer, especially those out of Atlanta (just a few hours away), the Cliffs Partnership might also consider establishing a “legacy” membership like the one installed by their neighbors on Lake Keowee, The Reserve. That innovative plan grants all the privileges of membership to direct family members –- parents, grandparents, children and grandchildren. It is an effective way to encourage additional revenue from the food-eating, cart-using, pro-shop-merchandise-purchasing family members and their guests, and to not only attract new members but also to retain them.

        One thing missing from the Partnership’s press release was any mention of Tiger Woods and his design for the struggling High Carolina Cliffs Community, where the Carliles own a plot of land. In their desire to turn the ship around at the Cliffs, that is one anchor The Partnership should pull up and stow away, at least until they have bailed all remaining water from the ship.

Last Updated on Sunday, 25 March 2012 07:32
Sunday, 25 March 2012 07:18
 
Time runs out for White Oak developers

        It was perhaps inevitable that a golf community opened just a couple of years before the housing bubble burst and with nothing to attract potential buyers except nine holes of an 18 hole golf course would wind up on the auction block. It took the Ireland-based developers of White Oak of Tryon, NC, four years to sell just 29 lots but it took the local bankruptcy court mere minutes to dispose of the 980-acre property for a bargain-basement $3.6 million on the Polk County courthouse steps.

WhiteOakclubhousesign

The once elaborate plans for a golf clubhouse won't be implemented by the original developers of White Oak.  It remains to be seen if the golf community's 18 hole course will ever be finished.

 

        The auction was ordered by the court after White Oak’s developers, who were based in Ireland and New York, failed to pay for an irrigation line the county had run to the property, as well as back taxes. Only a half dozen homes had been built on the rolling terrain about 45 minutes from Greenville, NC. The new owner, Roger Smith, commands an organization called Tryon Equestrian Properties. White Oak was always planned to include equestrian-oriented amenities, and Smith likely will move ahead with those plans, assuming he comes up with the financing.  Smith purchased nearly 100 acres in the Tryon area in 2008 to build an equestrian center, and officials representing White Oak’s developers had indicated to Golf Community Reviews last year that they hoped to partner with the equestrian center.

        Now, with nearly $40 million invested in the community and a total dry-up of lot sales, time has run out on the developers.  Smith now owns the entire property, and whether he finishes the excellently laid out Arnold Palmer designed golf course (Erik Larsen did most of the work) and eventually builds a clubhouse remains to be seen.  That will depend on real estate sales.

        It always does.

WhiteOak1

White Oak has the potential to be a top 10 golf course in the state of North Carolina, but it will take some love and care -- and about $2 million -- to finish the full 18 hole layout.

Last Updated on Monday, 06 February 2012 22:33
Monday, 06 February 2012 22:13
 
Getting the Hook: Practice Ranges Dangerous in Wake of Bubba Victory

        You know that scene from the movie Tin Cup where the Kevin Costner character, Roy McAvoy, almost takes out half the field on the practice range at the U.S. Open when he has a bad case of the shanks.  Practice ranges across America will be equally dangerous places today as many of us try to teach ourselves how to hook a wedge shot 40 yards.  Unless you worked the second shift on Sunday without access to a TV, you know that Bubba Watson did just that to win The Masters on Sunday.  He hit an impossible shot from an impossible position on pine straw and in the woods, a high hook that landed at the front of the 10th green and did a jig to the right that would make St. Vitus proud.

        High school and a few college golf coaches are going to have their hands full today, trying to restrain their impressionable young players from treating their clubs like a rolling pin, stretching their

Even the most rank amateur among us could have done better than Mickelson on that par 3.

wrists to the breaking point in an attempt to hit it like Bubba.  Golf is that rare game in which, on any given hole, we can all play like the pros, even better with a little luck.  Who among us doesn’t think we could have bunted the ball down the fairway three times to the green on the 10th and made bogey, as the game but ill-fated Louis Oosthuizen did on the ultimate hole?  Oh, and how about that par 3 4th?  We all would have taken Mickelson to the cleaners on that one, right?  Golf is like no other sport in that we can dream about playing like the pros, at least for one hole.  Contemplate trying to hit a Justin Verlander rising fastball.

        For more than 99% of us who play golf, our dream round would include the ability to hit the ball straight on every shot.  Do that, and you will probably break 80 every time, even if your putting is a little iffy.  Yet it will likely be a matter of just a few weeks before we start seeing golf club ads -– and maybe some golf ball ads –- that promote easier ways to hook and slice the ball. That shot of Bubba’s will live on for years, not only in memory but also in the kind of game played by some junior golfers we haven’t heard of yet.

Last Updated on Monday, 09 April 2012 08:44
Monday, 09 April 2012 08:36
 
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