.

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."

RELATED ARTICLES:

Country Club Closes at The Legends in Eureka

Legends Country Club: Good News May be Coming

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."

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....

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »