Pointe Service Association President Jeff Norris says residents of the 19 villages at Eagle Pointe were disappointed when the most recent owner of the resort’s golf course filed for bankruptcy last year.
“There was just a growing voice within the community of ‘Why don’t we just buy this? Why don’t we own it as a community owned golf resort?'”
Norris says the PSA submitted the winning bid for the course at an auction Monday morning, but would not disclose the purchase price.
He says the organization plans to form a separate corporation that will be in charge of the golf course, restaurant, bar and other associated facilities. The corporation will hire a general manager to run the resort.
Norris says he’s confident the PSA has the necessary funds to make the golf course successful.
“We already had the money to make the purchase without going back to homeowners for any additional funding whatsoever,” Norris says. “And, we’re working with a local law firm to help facilitate any other fundraising that we may choose to do.”
Norris says a judge must approve the PSA’s bid at a hearing Thursday before the sale becomes final. He says once that happens, the golf course could open as soon as the organization closes on the property.