Thursday, October 11, 2012

One year later: Highland Lake Golf update (info added)

Hard to believe it's been almost a year since the report hit the Times-News about Henderson County trying to purchase the Highland Lake Golf Club. Here's an update with some new information from the Village of Flat Rock, discussed at today's regular monthly council meeting:
  • Highland Lake Golf Course is still open for business and still on the market for sale. 
  • The golf course location is one of the gateways into the Village of Flat Rock.
  • The Flat Rock village council has met with the owners of the golf course to discuss possible purchase of the site for a village park
  • The village council is in the process of putting together an exploratory committee to look into whether this is something the village wants to do or not, how a park would be structured and maintained, what the costs would be, etc. The committee may recommend for or against the village taking any action on the site.
  • There is no agreement or any type of contract between the golf course owners and the village council, and the property is still available for sale.
  • The village council is committed to transparency in making this decision.
  • And, since there is no contract between the village and the golf course owners and the property is still on the market, the property may be sold at any time to another party and the idea of a village park would become a moot point.  
So, this is an interesting turn of events. I'll keep you posted.

Additional information: This is my understanding of what the Highland Lake Golf property can currently exist as, without the need to go to the village for rezoning or permissions:
  • Remain a golf course
  • Convert to agriculture
  • Develop for residential use the 22 non-flood plane acres (up near the club house and driving range) with 1 house per 1/2 acre (that would be approx. 44 houses total, about the density of the Highland Golf Villas already there). The rest of the golf course property is in a flood plane and would require additional permits/permissions for development.

2 comments:

  1. What's the asking price? Does the golf course make money? Lose money? Break even?

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  2. You can get information on the property from its owners, Course Doctors. I believe they have a non-disclosure that any prospective buyer must sign to take a look at their financials, but that's the place to start.

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