Members acquire the sprawling Colorado Golf Club
After years of lingering financial woes and pending extension works, the members at the Colorado Golf Club at Parker have bought the club from its owners in a bid to breathe a new life to the dilapidating once sprawling club.
The Colorado Golf Club is ranked among the finest in the private clubs category and was also the venue of last year’s Senior PGA Championship.
The acquisition includes the clubhouse, sporting facility, the course, short course, and the maintenance facility. The new owners, however, do not hold the possession of the adjacent housing site and the deal includes Arendale Holdings of New York which
bought the 76 home sites real estate at the club.
The members have bought the club from the previous owners Mike McGetrick, David Hutchinson and Dwight Bainbridge. McGetrick is a former professional golfer.
The club was ranked among the best golf clubs by the Sports Illustrated and Golf Magazine when it was first opened in 2007. The officials at the club described the deal as “the new beginning” but declined to give the details of the deal.
"The transaction ... followed several months of concentrated negotiations and extensive cooperation between the membership and other parties, including a new real estate investor, lenders and various creditors and the original developers. Completion of a
new clubhouse at the site is underway," the club said in a statement on Tuesday.
Soon after its opening, the club went into spiraling financial worries as the recession engulfed the US economy and McGetrick and the co-owners halted the extension work that included a new clubhouse and expensive new landscaping. The club was first opened
before the Great Depression as part of the real estate project in Denver.
The course was later re-designed by Bill Coore and Ben Crenshaw. The club is located close to the urban centres of Denver including Centennial Airport, Denver International Airport, and the Denver Tech Center, and Inverness and Meridian office parks.
The seclusion and the isolation of the course are incomparable and provide a breath taking view of the lofty Rockies in the west.
Coore and Crenshaw did a splendid job in designing the 7,604 yards, par-72 course which engulfs sprawling meadows, wooded hillsides, natural spring snowfalls and streams. Their first goal was to utilize the natural flow of the terrain in the layout.
The course tempts the player to go for the lucky shots in an attempt to reach the greens following shortest possible route. Par-5 seventh is one such hole that incorporates quintessential precision and accuracy.
"We're extremely proud of what we've been able to accomplish here," Ben Crenshaw said after the design was finally unfolded. "There's so much randomness and movement in the property. This land is gifted for golf."
Colorado Golf Club is also the selected venue for the 2013 LPGA Solheim Cup, where the teams from Europe and America will be competing for the cup.
Tags: