Created by resident Doug Almond and his father, the company is leasing the Monument, Colo., golf course with plans to buy it once a Nebraska bank forecloses on it in September. The company plans to spend $100,000 over the next few weeks to aerate and fertilize the course, lease golf carts and credit card processing equipment, and hire up to 30 employees.
Almond Golf LLC, a company created by Doug Almond and his father, Larry Almond, leased the shuttered King’s Deer Golf Course in Monument, Colo., with plans to open it next month and buy it once a Nebraska bank forecloses on the property in September, the Colorado Springs (Colo.) Gazette reported.
The North Carolina resident and his father have leased the 193.7-acre golf course from a court-appointed receiver who controls the property while Exchange Bank forecloses on it, said General Manager Jeff Kelly. The property cannot be sold until the foreclosure is completed, the Gazette reported.
The company plans to reopen the 18-hole course for members and King’s Deer residents on May 3 and for the public on May 10, weather permitting, the Gazette reported.
“Our long-term goal is to be the premier public golf course in our state that will attract local and national events that will bring value to our community,” Doug Almond said in a statement sent to the King’s Deer Homeowners Association.
“As a fellow homeowner, I know that having a premier course in our neighborhood will add value to our properties and create positive experiences in our daily lives,” Doug Almond said.
Larry Almond heads a real estate development company in the Charlotte, N.C., area, and owns several golf courses, the Gazette reported.
“[Doug Almond] was surprised by the foreclosure and was in a position to do something about it,” Kelly said. “Doug told us he is committed to make this a five-star facility.”
Kelly said Almond Golf plans to spend $100,000 over the next few weeks to aerate and fertilize the course, lease golf carts and credit-card processing equipment and hire up to 30 employees to ready the course, clubhouse, pro shop and restaurant for reopening, the Gazette reported.
The course staff will be headed by Kelly, course professional Nate Vincent, and superintendent Mark Hassell, the Gazette reported.
“This is the best possible result: A resident in the neighborhood is leasing the course and has the best interests of the neighborhood at heart,” said John Highhouse, president of the King’s Deer Homeowners Association.
The course opened in 1999 as the centerpiece of the upscale King’s Deer development, which has 338 homes on 531 lots, the Gazette reported.
King’s Deer Golf Club LLC acquired the course in 2010 and hired Tri-Lakes Golf LLC to manage the property. Tri-Lakes Golf also managed the Monument Hill Country Club and a golf course in Pagosa Springs, the Gazette reported.
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