“The Moor,” a popular public course in Portland, Ore. that has been family-owned and -operated since six women created it from a dairy farm in 1931, has been sold to Prologis, a San Francisco-based firm that also recently bought the Portland Meadows golf course property in the city. The 120 acres of the Broadmoor will be used for industrial development and as wetlands after the course closes on October 25th.
The 120 acres of the 89-year-old Broadmoor Golf Course in Portland, Ore. have been sold to Prologis, a San Francisco, Calif.-based real estate trust, The Oregonian of Portland reported.
Some of the property will be used for industrial development, and the rest for wetlands after the popular public course, known to locals as “The Moor,” closes on October 25th, Scott Kreiger, the club’s General Manager, President and Head Golf Professional, told The Oregonian.
Broadmoor has been in Krieger’s family since its founding 1931, The Oregonian reported, when his great grandmother and five aunts converted a dairy farm into the 18-hole public golf course. It has been family-owned and -operated for its entire history, with 11 family members currently serving as co-owners.
At its height, Broadmoor did about 50,000 rounds in business per year. The Oregonian reported, and over nine decades it played host to more than 3 million rounds.
But Kreiger told The Oregonian it was time to sell, because not all of the property owners, some of whom are in their 80s, have the financial means to make investments needed to revitalize the par-72, 6,526-yard course. And even if they did, it might not have been the best move, he added, because the Portland area was overbuilt with golf courses during the 1990s and by 2008, Broadmoor was struggling to make a profit, with the past five years being particularly rough. A fire that destroyed its clubhouse in 1999, along with a lot of the course’s memorabilia, also added to the difficulties.
“It gets to a point where you know it’s time to try to find a way out,” Krieger said. Still, he said, knowing the end is near a “punch in the gut; it’s sad. But I’m relieved for the owners. You know it’s the right thing to do.”
The sale to Prologis, which also bought the Portland Meadows golf course property in 2019, has been in the works for nearly 18 months, Kreiger told The Oregonian. Now that it is about to close, Broadmoor will start selling course assets such as golf carts, so it can cleared out by November 1st after the final day of play on October 25th.
As for Krieger himself, at age 62 he says he hasn’t yet figured out what’s next in his career, The Oregonianreported. Prior to joining his family to help with the Broadmoor, he was coached the men’s golf team for the University of Oregon Ducks from 1984-92, and also served as a golf professional at Emerald Valley Golf Club in Creswell, Ore.