The new headquarters will anchor a 600-acre, mixed-use development with an initial investment worth more than $500B that will include the building of two championship golf courses and an Omni resort. Under the agreement with the city of Frisco and other partners, two PGA Championships and a potential Ryder Cup will be brought to the…
Stonebriar CC Marks 30-Year Anniversary
As the first and only private club in Frisco, Texas, the ClubCorp property has grown from one golf course and 100 founding members to 1,600 members, 36 holes of golf and a full complement of other recreational facilities and activities. Future renovations will include a pool and tennis facility reinvention. Stonebriar Country Club, a ClubCorp…
SEC Settles Insider-Trading Case with Ex-ClubCorp Holdings VP
Nelson “Frank” Molina, formerly the company’s head of investor relations and treasurer, admitted to buying 13,600 shares of ClubCorp stock after hearing of its possible sale. He later made a $78,000 net profit after ClubCorp was acquired. Through the settlement he will “disgorge his ill-gotten gains” and also pay a penalty of $39,230. The U.S.…
The PGA of America Expected to Move Headquarters
According to a report by Golf.com, the organization is poised to move its national headquarters from West Palm Beach, Fla., where it has been since 1965, to the new Panther Creek development in Frisco, Texas, just north of Dallas. Two 18-hole semi-public courses and a nine-hole short course are part of the plan. In a…
Closing the Gap
Junior golf programs are growing up, as more targeted and relevant approaches are helping to overcome the next generations’ initial aversions to the game.
Loans to Clubs Cited in Scrutiny of Small Business Administration’s “Welfare for the Wealthy”
Since 2007, a watchdog organization reported, nearly 50 clubs have received $110 million in lending from the Federal program since its expansion under President Obama. The SBA said its actions were needed because of the inability of most businesses to get loans from other sources during the recession.
Frisco (Texas) Gun Club Partners with ClubCorp
Through the “My Dallas-Fort Worth Community” network, ClubCorp members will have access to the 45,000-sq. ft. facility, featuring 40 indoor gun ranges with gunsmith and gun vault, retail space, bar and cigar lounge.