Timothy J. Adkins will develop the “Water 9” at the 27-hole property in Akron, Ohio. He says his investment will include about $9.5 million to run sewer and water lines to the property, giving nearby residents a chance to tie in and abandon failing septic systems.
Timothy J. Adkins expects a deal to buy the 27-hole Turkeyfoot Lake Golf Links property in Akron, Ohio and close early this week, the Akron Beacon Journal reported. Adkins said he moved in to purchase the property after hearing a large national homebuilder had made an offer on the 98-year-old course. The company had intended a development of about 450 homes.
Adkins said he intends to develop the “water nine” on the west side of the property in New Franklin, the Beacon Journal reported. The 18-hole section of the course is situated in Green, and he said intends to preserve it for the foreseeable future.
The Water 9 at Turkeyfoot Lake development would be an upscale, mixed-use development, Adkins told the Beacon Journal. He is working with a local design firm on what would be appropriate and in sync with the surrounding area. The firm is putting together different proposals.
“I don’t have any designs ([et],” he said. “I don’t have anything down on paper.”
Adkins said his investment will include about $9.5 million to run sewer and water lines to the property, giving nearby residents a chance to tie in and abandon failing septic systems, the Beacon Journal reported.
“All of these houses now will be able to hook up to the sewer that I’m going to privately fund,” he said.
Adkins, who owns Upper Deck, nine Basement Bar & Grill establishments from Twinsburg to North Canton and other properties, told the Beacon Journal he had two days to put together a competing offer for the course.
He contacted local political and business leaders to get their input and offered about $8.6 million, slightly higher than the unnamed homebuilder, the Beacon Journal reported. He also didn’t include conditions on the sale. The other offer had contingencies on zoning and water costs that would have allowed the buyer to back out of the deal.
In a prepared statement, Adkins elaborated on his plans, the Beacon Journal reported.
“I grew up in this area, live about a half mile from the golf course, and want to make sure that any development that goes on at the course is beneficial for the Portage Lakes,” he said.
Adkins said in the interview that of all his business deals and purchases, the Turkeyfoot Lake Golf Links was uniquely personal, the Beacon Journal reported.
“Of all the properties I bought, I never got emotional,” he said. “This one was emotional for me.”
He said he’s hoping to build a home on the property after considering the Bath area, the Beacon Journal reported.
Adkins’ businesses employ 160 people in New Franklin, making him the city’s largest employer, the Beacon Journal reported. The golf course will add another 60 to that total.
All 27 holes will continue operating throughout next year, he told the Beacon Journal.
New Franklin Mayor Paul Adamson said the city has had some preliminary discussions with Adkins about his purchase of the course, the Beacon Journal reported.
“The intention is to preserve the 18 holes and develop what everybody calls the water nine,” the mayor said.
The 18-hole course was opened in 1925, with the water nine added a few years later, the Beacon Journal reported. Adamson said that although Adkins is still developing plans for the water nine, he’s confident the course’s new owner will propose a development that integrates well with the area.
“He understands what the priorities are that people have in that area,” Adamson said. “I expect he is going to present something consistent with [that]. If it is going to be developed, we are pleased that it is him.”
Adkins said he developed his businesses coming from modest means, the Beacon Journal reported. As a young man, he worked at Spring Hills Golf course and would sleep in his car in the parking lot.
Sometimes when he’s at Upper Deck bar and grill in the Portage Lakes, he told Beacon Journal, he’ll walk out to the course and reflect on what he’ll do with it.
“I go out on the golf course and just sit and think, ‘What would go right [here]?’” he said.