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Legends Golf Country Club Owners Say They "Won't Have a Fire Sale"

Numerous, potential buyers recently have been interested in The Country Club at The Legends, but family owners say they want to sell to someone who will respect the golf course and give them a fair price.

Various, potential buyers have been interested in seeing the Country Club at The Legends at 625 the Legends Parkway, Legends Club Manager Patti Natoli told Patch. However 70 percent are "simply curious," she said.

"Positive things are possible, and we've had the fourth or fifth meetings with a few of the potential buyers. But we're not willing to sell it to the first person who simply offers money," said Natoli.

"We're looking for someone who will respect the course and maintain it the way my father would want it. It's going OK, about as we expected."

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Natoli said buyers don't want to get stuck with the restrictions contained in The Legends' indentures, which indicates it must remain a 27-hole, private golf course. "Country clubs, in general, are struggling. People aren't eager to take on a course with limitations; they want all options available. The majority of potential purchasers have been interested, they just can't buy it, given the indentures. It is what it is."

She said there are still some prospective buyers to speak to, and that the Natoli family members have not given up hope.

"I wish we could work together better as a community to see what we can do to make it all work," she said.

Natoli said her family is open to Eureka city officials buying the course, but they have "not heard a peep" from the city or the immediate homeowners. She said she believed a Legends South homeowners' association meeting was held about a week ago, but no one has let them know what might have been discussed.

"The course is their community, but is our golf course. It's all got to work for both of us," she said.

"We wish we could get to some understanding with the homeowners, and have a conversation about what our buyers are looking for. Somehow or another, the indentures need to be discussed."

Natoli said of the $600 annual dues Legends homeowners pay, $120 of it goes to the Country Club to keep this a private facility and course. She said the money is designed to maintain the overall green space.

"Homeowners don't want the traffic on the course that going public would bring. But the country club is important to Eureka, and it's a friendship or marriage between us and the Legends' residents. We don't want to split hairs, we'd rather work together," she said.

She said they are acutely aware of the time expiring before the typical golf season starts in April. "Anyone interested in the course will want to open by April 1, but nothing is free and we're not going to have a fire sale just to have a sale."

Robert George March 05, 2013 at 01:17 PM
Well, first Ms. Natoli does not have an understanding of the relationship between the various HOAs and the Legends. We live in the Legends South - and we have not met, will do so March 12, but have no way of buying the club. The portion of our HOA dues that are for the Legends are paid to the Master HOA, not the Legends direct. The indentures are between the Master HOA and the Legends. Ms. Natoli has never approached the Master HOA or the City of Eureka. If she respects her father's desire she should sell it ASAP to someone who knows how to run a Country Club. The longer this doesn't happen the lower our property values will decline. Sell the club and let's all move on - quickly.
R Jones March 05, 2013 at 03:52 PM
Francis, Did you not read the title of the article? Why would Ms Natoli sell the property simply because it's lowering the property value of your home? Clearly she and her family has a large vested interest in the club that outweighs the temporary loss of value to your house. Best of luck to both parties involved as it would be a real shame to not see this beautiful club opened at the beginning of the season.
s March 05, 2013 at 05:44 PM
I believe the whole reason they are selling is that they are not making money, so if these indentures are tying their hands, I am sure requesting the master HOA modify these indentures were on the top of the "To Do" list. I don't understand what the issue would be in allowing this club to be to operate semi private/public. Yes, residents would have to put up with increased traffic on the main road, but any resident (not just members) would be able to enjoy this course AND it would bring more revenue into the club for them to make improvements. I could also see this helping improve property value. It could be a win-win for both parties.
d.r.nelson March 05, 2013 at 06:46 PM
increased traffic effect on the main road could be paid for by the club (whoever buys it) paying it's FAIR share each year to the master hoa. d.r.
R Jones March 05, 2013 at 07:18 PM
So you're saying that by providing exposure to the area it's the responsibility of the business to maintain the surrounding property? Sounds like you work backwards from progressive cities such as St. Louis. This is why big businesses end up leaving small towns such as Eureka, because of closed minded individuals such as your self....and tax credits of course.
s March 05, 2013 at 07:59 PM
d.r.--- let me get this straight- you think a local business should pay the HOA to let them use a road???? Seriously, if the residents of this community share this or similar views, then the club is going to fail no matter who owns it. Residents should be striving to ensure this club's success, as it will only increase their property values.
Stephanie Stemmler March 06, 2013 at 01:16 PM
Does anyone realize that the Legends road is a private road and not a public road? The road condition is definitely not good and the homeowners have been paying dearly for ongoing repairs.
R Jones March 06, 2013 at 01:49 PM
Sounds like another case where the H.O.A has let you down. If only $120 goes towards the green space (according to Ms Natoli) then where do the rest of your fees go? Wouldn't it go to the management company that maintains the private streets?
Interest Owner March 13, 2013 at 01:58 PM
If it’s not a fire sale, why would they get rid of their members and close the golf course? Now no clientele, which has to hurt the value….just sayin’…makes no sense… Intersted owner
R Jones March 14, 2013 at 01:53 PM
Did you not read any of the articles? They were operating at a loss. How do you keep your members while being closed? I'm sure they are losing far less money now then they were before. From what I've seen in these posts the only thing it's hurting is the value of your home, but to you people that far outweighs what Ms. Natoli and family have invested.
Dianne Cullen March 30, 2013 at 05:26 AM
Obviously the club can not operate at a profit as a private club....the only option is for the club to be semi private...Ms Natoli has asked that the indenture for a private club be waived....this needs to be resolved at the next meeting, which I think is 4/16. There is a group called Walters Golf Mgt that owns/manages over 17 golf courses in the area and knows how to run a golf course at a profit (they've recently taken over Lockhaven CC, which was private for years plus Innsbrook Resort)....this would be a great option...we need to do something QUICKLY to save this great Robert Trent Jones golf course....

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