Glen Oaks Sold

**CyCrazy** · 06-30-2009, 04:58 PM

Originally Posted by hurdleisu24

Isn't that where the Senior tour plays at?

yes principal charity classic

**capitalcityguy** · 06-30-2009, 10:38 PM

Originally Posted by CloneBack

I just got word this morning that Glen Oaks was sold to Gary Kirke and others as recently as Monday for 3.3 Million. I can't speak for the validity of this but there was talk of it becoming a public course (before or after the sale I am not sure).

You can't speak to the validity of this, but you felt it credible enough to start a thread?

I would say that fact alone speaks to your belief in this being credible to some extent.

**capitalcityguy** · 06-30-2009, 10:39 PM

Originally Posted by CYCRAZY

yes principal charity classic

there are PGA events (granted, not many) played on public courses so I'm not sure it would be relavent to the future of the Sr. event.

**CycloneDaddy** · 06-30-2009, 11:08 PM

Originally Posted by bigredqb7

didnt gary kirke launch glen oaks in the first place? his house on hole 13/14 is ridiculous

Is it as nice as G. Cataldo's house out there ... that thing is ridiculous.

**jtd9046** · 06-30-2009, 11:14 PM

Originally Posted by capitalcityguy

You can't speak to the validity of this, but you felt it credible enough to start a thread?

I would say that fact alone speaks to your belief in this being credible to some extent.

He was talking about the validity of it switching to a public course. He's not questioning his credibility that the course was sold.

**Cyclonestate78** · 06-30-2009, 11:28 PM

Originally Posted by Cycofan1

Don't say ya like a panzzy

Spelling FAIL.... Nice. All meaning to your post has thus been lost.

**CloneBack** · 07-01-2009, 06:54 AM

Originally Posted by capitalcityguy

You can't speak to the validity of this, but you felt it credible enough to start a thread?

I would say that fact alone speaks to your belief in this being credible to some extent.

I meant that I could not speak for the validity of GO going public. That just seems like a stretch. How could "the public" get into a gated community and what would they say when I pulled into the parking lot with my 97' Nissan Altima, illegal beer in my bag, tee shirt with "the guns" hanging out and jorts on?

**dosry5** · 07-01-2009, 06:55 AM

Originally Posted by CloneBack

I meant that I could not speak for the validity of GO going public. That just seems like a stretch. How could "the public" get into a gated community and what would they say when I pulled into the parking lot with my 97' Nissan Altima, illegal beer in my bag, tee shirt with "the guns" hanging out and jorts on?

that's hot?

**kgreeny** · 07-01-2009, 08:20 AM

Originally Posted by CloneBack

I meant that I could not speak for the validity of GO going public. That just seems like a stretch. How could "the public" get into a gated community and what would they say when I pulled into the parking lot with my 97' Nissan Altima, illegal beer in my bag, tee shirt with "the guns" hanging out and jorts on?

I think you could make them think that a '97 is a classic. Maybe you had just added that to you collection.

**jamesfnb** · 07-01-2009, 08:47 AM

The course will not become public. Kirke isn't going to spend millions of his own money to make that course public when his house is on one of the fairways. I'm sure he'd love to have hackers slicing the ball into his swimming pool.

**capitalcityguy** · 07-01-2009, 04:01 PM

I'm just not sure I can buy this. Why hasn't it shown up in the local media yet? Why would the price tag be so low?

If it is true, I don't think it is unrealistic to see it go public or maybe semi-private (i.e....membership is required for individuals that reside within X miles of the course. For those outside the designated territory, green fees would be allowed). I've seen this type of thing elsewhere. It would probably be something in the neighborhood of $100+ a round plus required cart fee too. It seems to me the winning business model would be to charge enough so that the current members still feel it is exclusive enough to warrant continuing to be a member while opening up a revenue stream from those that could pay to golf occasionally, but don't live close enough to warrant being a member. Additionally, you could open up the course for everyone to pay green fees during the non-peak times of the year (e.g.…late fall) to generate some additional cash flow.

**tec71** · 07-01-2009, 04:09 PM

I have no clue if it's true, and wonder if so why it's not picked up yet by media. The cash purchase price would be low if there was an "assumption" of debt so that the total cash and debt assumed was a more realistic number.