The Dedmans bought the golf course for $1.25 million, according to documents filed in the Moore County Register of Deeds Office.
On Monday, February 14, the Pinehurst (N.C.) Resort, which has eight golf courses under its umbrella, bought the shuttered Pit Golf Links in Aberdeen, about five miles South of the Carolina Hotel.
The Dedmans bought the golf course from Charlotte businessman Austin Adams for $1.25 million, according to documents filed in the Moore County Register of Deeds Office.
The course was purchased, not necessarily to add a course and satisfy a surge in demand, reports Golf Digest, but more likely, it’s because the Pit was cheap, and it made sense given the layout of the Pinehurst property.
The resort owns a doughnut-shape piece of land; the Pit was the doughnut hole Pinehurst didn’t own. It was in the resort’s best interest to control that piece of property, and the timing and the price were right. So Robert Dedman Jr. filled in the gap by purchasing the Pit, which gives his family 925 acres of uninterrupted land.
An article in The Pilot, the local paper, addressed speculation that this was a move toward a former resort plan to develop a golf village near Aberdeen. Based on the economy, the status of the golf industry and the amount of competition in the area, don’t expect the Pit to reopen for play anytime soon, reports Golf Digest.
Dedman released a statement Monday night: “Over the next several weeks we plan to evaluate the golf course, clubhouse and other facilities. Right now we’re focused on reopening Pinehurst No. 2. Once that is behind us, we’ll determine the next steps.”
Pinehurst No. 2, the site of the 2014 Men’s and Women’s U.S. Opens, will reopen March 4, after a one-year restoration project that included removing about 35 acres of turf and reintroducing natural bunker edges and native wire grasses.