A report by the region’s Journal Gazette details a few of the golf courses being redeveloped as housing. “It’s been tough in the last six or seven years,” said Roger Delagrange, who owns Cherry Hill Golf Club and Autumn Ridge Golf Club, both in Fort Wayne. “We have a lot of golf courses and not players.”
Mike Thomas, a realtor and real estate developer, is behind two recent proposals to turn part of the former Deer Track Golf Club in Perry Township, Ind., into housing developments, the Fort Wayne, Ind., Journal Gazette reported.
“What I think is happening with golf—well, what I know is happening—is that young people are just not that attracted to it,” Thomas said. “I have 11 grandchildren, and none of them play golf. They play sports, but they play other sports. Golf courses are losing money—no matter what they tell you, they’re losing money.”
Golf pro Rick Hemstroth, manager of golf operations for the Fort Wayne Parks and Recreation Department’s four courses, agrees. “Golf, over its history, has peaks and valleys, and…we’re in a down cycle right now,” he said.
A big reason is demographics. The “hard-core golfing population” is aging, Hemstroth said, and younger people, despite having grown up or come of age during the glory years of pro golf phenom Tiger Woods, haven’t picked up the game, the Journal Gazette reported.
For one thing, golf can eat up scarce leisure time families want to invest in other pursuits, Hemstroth said. In an age of instant gratification, it takes a long time to become proficient. “And it’s not inexpensive,” he added, noting that may have discouraged individual players during recent recessionary years, the Journal Gazette reported.
Plus, with the changing composition of the workplace, golf club memberships and outings have become less of a corporate perk. Maurine Holle, executive director of the Home Builders Association of Fort Wayne, recalled that a few years back, she’d have no trouble packing two-days’ worth of players into the group’s fundraising golf outings. It’s only recently that a one-day outing has come close to filling up, the Journal Gazette reported.
“It’s foursomes (now), not sixsomes,” Holle said. During the recession “incomes were less, and things (like golf perks) got cut back,” she said, and they haven’t returned.
In the 1990s, Fort Wayne area home builder and developer Roger Delagrange opened and owned Cherry Hill and Autumn Ridge golf clubs and also built upscale housing developments bordering them as an amenity. But it’s now harder to make a profit on golf, he said, acknowledging the Fort Wayne area might qualify as one of those “oversupplied” places, the Journal Gazette reported.
“It’s been tough in the last six or seven years,” he said. “We have a lot of golf courses and not players.”
Delagrange and others familiar with golf or development can point to at least eight courses that have been sold for other purposes or are on the market. The former Grey Goose course near Decatur closed in 2010 and is now home to New Hope Church. Auburn’s Greenhurst Golf Club, with a classic course dating to the 1920s, closed in 2013. Two philanthropic businessmen’s foundations bought it for what county records say was a little over $1 million, and in June, the ground was reopened to the public as a park, the Journal Gazette reported.
Orchard Ridge Country Club in Bryan, Ohio, also closed in 2013. And this year, Indiana Tech announced it was buying the Donald Ross Golf Course on the south side to use as a women’s softball field and track facility. The purchase followed community objections to a plan to use Memorial Park for the project, the Journal Gazette reported.
The course’s price was not disclosed, but www.LoopNet.com, a popular nationwide online commercial real estate site, has listed it for $990,000. LoopNet also lists Stonehenge Golf Club in Winona Lake as for sale for $2.875 million. The 228.5-acre public-course property includes 18 holes, a driving range, practice green, pool, and clubhouse with a lounge, event rooms and a liquor license, the Journal Gazette reported.
Meanwhile, Thomas is now working on an upscale single-family housing development on what was the front nine of the former Deer Track Golf Club, the course he started working on in 1987. Already, the front nine is nearly filled with houses in a development called Deer Hollow, the Journal Gazette reported.
Oakmont Development, co-owned by Thomas and his son Jeff Thomas, also recently received approvals to turn Willow Ridge Golf Club in the Huntertown area of Perry Township into more single family homes. Planned is an approximately 300-lot single-family housing development with two parts, one with 99 lots and eligible for U.S. Department of Agriculture financing, and the other with homes starting at around $350,000, the Journal Gazette reported.
Homes at Silver Leaf Estates are expected to have an entry point of $450,000 and, like Deer Hollow, will require buyers to put in and maintain their own wells. Silver Leaf lots have public sewer, Thomas said. Those familiar with local building conditions said older golf courses tended to be built on land only suitable for low-intensity uses because it lacked infrastructure. But now sewer and water lines have in many cases caught up, making more areas open to housing, the Journal Gazette reported.
Thomas said he thinks tougher laws about drinking and driving, while a good thing for society, have cut down the profitable social aspects of running a golf club. But a big factor is that land is just becoming scarcer, Thomas said.
“There’s a lot more demand for houses than a golf course,” Thomas said.