SPE Go Holdings is listing for sale its Spring Hill-based King’s Creek Golf Club, with an asking price of $1.9 million. The Tennessean reports the previous owner of the course, RLG LLC, had been foreclosed on. David E. Miller served as managing member/owner of RLG and, in November 2012, a federal court sentenced Miller to 45 months in prison for aggravated identity theft and making false statements to a bank regarding a $300,000-plus loan, the paper reports. Read more here.
The stalled plans for a golf course community near Arrington Vineyards and including the former property of singer Tanya Tucker are being revived, writes Kevin Walters. The project's Ohio lender foreclosed on the more than 700 acres last year, five years after developers paid $11.5 million for the land.
A team from local brand marketers Buntin Group helped on-fire PGA pro Brandt Snedeker celebrate his weekend win at Pebble Beach by preparing for an early morning TV shoot for Royal Bank of Canada. Buntin is working with RBC on an international multi-platform campaign for RBC Golf, themed “Making Your Mark,” that will roll out this spring. In addition to Snedeker — a Montgomery Bell Academy grad just like Buntin President and CEO Jeffrey Buntin Jr. (on the left in the photo) — the campaign will feature Ernie Els, Luke Donald, Jim Furyk, Graeme McDowell and others.
The course management arm of veteran golfer Davis Love III's company has been contracted to run Temple Hills Golf Club in Franklin. In a statement, company officials say the 40-year-old club is in line for some upgrades.
The development group that took over the ambitious Laurel Cove project scuttled by the 2008 financial crisis say they have invested enough in infrastructure and the Greg Norman golf course to be given a lower performance bond by Williamson County planners. Terra Verde officials say their bond is now half of what it was when they started work in earnest late last year. Construction of the first of 800 homes at what is now called The Grove is scheduled to start in May.
“We are investing $25 million without any debt or letters of credit,” said Mark Enderle, a Leiper’s Fork resident who is one of the investors in the project. “We appreciate the Planning Commission’s recognition of what we have accomplished in a very short time, and we look forward to passing more milestones quickly.”
A national golf equipment retailer has set its sights on the Nashville market in 2012. Golfsmith International Holdings says Middle Tennessee is one of the 10 markets into which it will expand this year. (Chattanooga is another, which will give the company three stores in Tennessee.) A spokeswoman said the company has signed a lease to fill the former Borders location on Franklin Road in Brentwood and will open the doors to its new store in March. The space encompasses about 24,000 square feet.
Austin-based Golfsmith (Ticker: GOLF) runs almost 80 locations in more than 20 states from coast to coast, including one in Memphis. Its typical store takes up about 20,000 square feet, although some are three times as large, and rang up average 2010 sales of about $3.9 million. Through the first nine months of 2011, the company earned $6.5 million on sales of $313 million.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS