I've mentioned that we live on a golf course, but we don't golf. The owners of the golf course have been looking to sell the golf course to a developer. Why? Well, the golf course isn't all that profitable, and it's many, many acres. Many, many acres fetches a lot of money in the open market when raw land for new houses is scarce.
When nearby communities found out that the golf course had a buyer, everyone got hot under the collar. Many of the communities tout that they are on the golf course, and if the golf course becomes 800 houses, "On the Greens" is going to become "On the Ghetto." (Not my wording - theirs)
For the past several years, there has been court action about the sale.
We were just told that there is wording in our neighborhood's development agreement that the golf course would stay a golf course in perpetuity, and in order to amend that, a majority of the homeowners would have to agree to change it. And I highly doubt that would ever happen.
So it looks promising that the golf course will stay a golf course in the coming years.
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