Thursday, December 14, 2017
Business

Ace Golf to buy closed Plantation Palms course in Land O'Lakes

LAND O'LAKES — Ace Golf, the owner of three golf courses in New Tampa and northern Pinellas, is poised to acquire the closed Plantation Palms Golf Club, with plans for golfers to be walking the fairways in Land O'Lakes by September.

The course, in the 821-home community of the same name on the east side of Collier Parkway, closed two years ago and was listed as a short sale for $1.2 million. On April 26, the U.S. Department of the Interior approved a $700,000 sale to Ace Golf, netting just less than $393,000 toward the debt that owner MJS Golf Group owed on the federally guaranteed note. The closing is scheduled for May 16.

Bill Place, president of Ace Golf, said he expects repairs to the course to cost a minimum of $1.5 million. It's the same conclusion reached in January by a consultant hired by Plantation Palms property owners.

"It's a property that's been neglected for quite a while. The greens are gone. The fairways need to be re-grassed,'' Place said. "It's not quite like starting completely anew, but it's pretty close.''

Place's Ace Golf also rebuilt the Crescent Oaks Country Club in Tarpon Springs in 2011 after it had been shuttered for a year. The company's other properties include the Pebble Creek and Wentworth golf clubs, and driving ranges in Brandon and Riverview.

To make the numbers work, Plantation Palms Homeowners Association members have agreed to buy social memberships to the club for the next several years. In exchange for a $15-a-month surcharge on their association dues, residents will receive discounts and other perks at the country club. Approximately 70 percent of the homeowners approved the social membership obligation, said board member Jim Hammond.

"That was big. It said we want our golf course back, and we're prepared to become good customers of Bill's immediately,'' said Hammond, who formed the group Bring Back Our Course to advocate for the neighborhood's interests.

The 156-acre Plantation Palms Golf Club and 11,000-square-foot clubhouse opened in 2001 on a former orange grove adjacent to the Land O'Lakes Recreation Center. MJS purchased the course in 2011, but shut it down temporarily in August 2013 amid financial troubles. It closed for good in spring 2014, leaving an empty field filled with weeds as a neighborhood eyesore.

"We're delighted to get our course back,'' said Hammond.

Comments
Pack your bags: 107.3M Americans to set holiday traveling record

Pack your bags: 107.3M Americans to set holiday traveling record

A record-breaking number of Americans are expected to travel this holiday season.The American Automobile Association projects that 107.3 million Americans will pack their bags and travel more than 50 miles by planes, trains, automobiles and other mod...
Updated: 2 hours ago
Local widowers say baby powder caused their wives’ cancer

Local widowers say baby powder caused their wives’ cancer

Two Tampa area widowers whose wives died of ovarian cancer are suing Johnson & Johnson, joining nearly 5,000 other plaintiffs across the country who blame their illness on the daily use of the pharmaceutical company’s talcum powder.Bryan Isa’s wife, ...
Updated: 4 hours ago
Jabil’s fiscal results top Wall Street expectations

Jabil’s fiscal results top Wall Street expectations

ST. PETERSBURG — Jabil Circuit Inc. beat Wall Street expectations for both profits and revenue Thursday.The St. Petersburg-based contract electronics manufacturer — one of Tampa Bay’s biggest public companies — posted fiscal first-quarter earnings of...
Updated: 5 hours ago
Soccer store opens on Gunn Highway, just in time for the World Cup

Soccer store opens on Gunn Highway, just in time for the World Cup

Even though the United States Men’s soccer team didn’t qualify for the 2018 FIFA World Cup, that hasn’t diminished local fans’ excitement about the upcoming international event.Ariel Martinez, owner of Best Buy Soccer and Lacrosse, has already receiv...
Updated: 6 hours ago
Tampa chamber names first companies for minority business accelerator

Tampa chamber names first companies for minority business accelerator

TAMPA — Four firms in marketing, construction and secure cash logistics will be the first to go to through a new Greater Tampa Chamber of Commerce program designed to help black- and Hispanic-owned companies grow their businesses through two years of...
Updated: 7 hours ago
FCC votes down Obama-era ‘net neutrality’ rules

FCC votes down Obama-era ‘net neutrality’ rules

NEW YORK — The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules that guaranteed equal access to internet.The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.The FCC’s ne...
Updated: 9 hours ago
From Crystal River to Brooksville, branch out to shop on these unexpected main streets

From Crystal River to Brooksville, branch out to shop on these unexpected main streets

You don’t have to stare at a greeting card to picture a bustling old main street lined with decorated shops and lampposts. Historic small-town shopping districts are easy to find, and more charming than Walmart. Beyond the downtowns of St. Pet...
Updated: 9 hours ago
American Social booming on Harbour Island

American Social booming on Harbour Island

HARBOUR ISLAND — Downtowners, conventioneers, hockey fans, concert-goers and anyone hungry for waterfront dining are discovering American Social Bar & Kitchen on Harbour Island. Panoramic views, accessible boat slips and walkability to Amalie Arena a...
Updated: 10 hours ago
A healthy dining option opens in Downtown Tampa

A healthy dining option opens in Downtown Tampa

SOUTH TAMPA— Vale Food Co., a health food restaurant, hopes to make its mark on the bay area foodie scene with the opening of its first location in Tampa.In 2014, Sunny Ilyas was a Florida State student trying to find an affordable, healthy meal for ...
Updated: 10 hours ago

Tampa Bay is above average in minority homeownership

Tampa Bay ranks 22nd among the nation’s 45 largest metro areas in the percentage of minority homeowners. According to Abodo, an online apartment marketplace, 46.2 percent of minorities in the bay area own their homes, which have an average value of $...
Updated: 10 hours ago