More than two years after Gold Creek Golf Club closed and later went into foreclosure, a local businessman has bought the property with the intention of reviving the former resort-like setting.
According to county property records, Kenneth K. Turner acquired the nearly 355-acre site, which includes a clubhouse, golf course and several adjacent home lots, for $900,000, less than half its appraised value.
A limited warranty deed filed with the Dawson County Clerk of Court on Dec. 21 said the sale became official on Dec. 13.
Members of the Gold Creek Homeowners Association learned Monday afternoon that the deal had closed.
Association president Jeff Cotton said homeowners look forward to meeting with Turner in the coming weeks to see how they can help restore the club and course.
“We’re real excited that someone with a local interest that has local ties has purchased the property,” he said.
Regions Bank had owned the property since April 2009, when it foreclosed on previous owners Jeff and Bob Tablak, who had bought the golf resort in 2003.
The brothers later sold the resort’s villas and conference center to Southern Catholic College, which closed last year due to financial troubles.
Earlier this month, Turner said he was also interested in the college site, which is on the market.
“I’d like to buy that, too. Splitting that property up was probably the worst decision,” he said.
While Turner has talked about restoring the club and course, he has given no timeline for the project.
“It’s going to take a lot of work and a lot of money,” he has said.
Estimates of the cost to repair the clubhouse, which has extensive water damage due to flooding, could be in the millions.
The golf course has been closed since summer 2008. While homeowners made attempts to maintain the grounds, they have said the course would require intense and costly treatment.