13.07.2015 Views

JOHN TYSON - Digital Publishing Software | Page Turning Software

JOHN TYSON - Digital Publishing Software | Page Turning Software

JOHN TYSON - Digital Publishing Software | Page Turning Software

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

GreystoneResurrectionSEPARATEOWNERSHIPSRESTOREGOLF AT TWOCOURSESIN CABOTCOMMUNITYBy Jim HarrisJim Cooper was only looking for a dealon some golf course maintenance equipment.He came away with an entire golfcourse.Cooper was already owner of the Cooper’sHawk course in Melbourne and hopingjust to break even when he attended anauction last year attempting to find a fewgood buys.He wound up as owner of yet anothercourse, Greystone’s Mountain Springs inCabot, which had sat idle for almost a year.Cooper worked out a deal with WilsonAuctioneers and Metropolitan NationalBank, which held the note on the course,to buy the property.Adding one more course to his acclaimedCooper’s Hawk — the No. 1 public/dailyfee course in the state as rated by ExecutiveGolfer and Arkansas Business readers —was enough for Cooper.But the Greystone development hadanother 18 holes, dubbed Cypress Creek,also sitting idle.A similar deal was worked out with aninvestment group that included MitchWard, who owns Red River Dodge in HeberSprings, and some silent partners. RickySelf, a golf professional who helped get thestate-owned Ridges at Valley Creek StatePark up and running last year after aninitial stumble, was brought in to join theCypress Creek group.So two scenic tests of golf in centralArkansas for the past decade-plus buckeda nationwide trend that had seen coursesshutting down. They rose from the deadthanks to ownership groups committed toputting the money back into their coursesand not concerning themselves with profit.Since the nation’s financial crisis of2008, the golf business has taken a hit.Nationally, the number of golfers reportedlyis stagnant at about 30 million, andthe number of people taking up the game2013 / ARKANSAS BUSINESS EXECUTIVE GOLFER 33

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!