PANAMA CITY, Florida — Both golf courses within the Bay Point Community alongside the Florida panhandle may quickly have a new proprietor.
According to Bill Wanner, president of the Bay Point Community Association, the Nicklaus and Meadows courses are beneath contract with a neighborhood resident who is predicted to shut on the purchases “shortly.”
While Wanner wouldn’t launch any contract particulars Tuesday, together with the client’s title or how a lot the courses have been being offered for, he mentioned the investor was a Bay Point resident.
“We have made it a policy of ours to not identify everything that we know with respect to who’s doing what, simply because (the contact) has not closed (and) anything might happen,” Wanner mentioned.
The Nicklaus course is open whereas the Meadows has been closed since Hurricane Michael ravaged Bay County in October 2018. Also, the course survived lightning storms in 2018, which broken a fairway.
An intense 2018 lightning storm didn’t spare the No. 9 gap on the Nicklaus Course at Bay Point. (Photo courtesy of the Bay Point Golf Club.)
Wanner added that the courses are presently owned by Torchlight Investors, an organization based mostly in New York that additionally owns the Sheraton Panama City Beach Golf & Spa Resort.
“Torchlight, from the very beginning, was not interested in splitting the courses or the two properties,” Wanner mentioned.
According to the course’s website, the Nicklaus Course is about in opposition to the backdrop of St. Andrew’s Bay and a marshland wildlife sanctuary. In the summer time of 2018, Originally designed by Bruce Devlin in 1986 (as Lagoon Legends) and renovated by Nicklaus Design in 2005, Bay Point Golf Club is the one Nicklaus Design golf course in Northwest Florida. The par 72 Nicklaus Design championship structure stretches over 7,000 yards from the again tees with a difficult course ranking of 74.5 and slope of 137 and has hosted quite a few regional and native occasions together with the USGA U.S. Open Qualifier in 2016.
Wanner mentioned the client’s intention is to hold the Nicklaus course working and revamp the Meadows into a distinct amenity, one that will present “a nice looking area around the golf course.”
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Members of the Bay Point Community Association thought-about shopping for the courses from Torchlight in December however voted in opposition to the purchases in mid-January.
“I think this is a great thing,” Wanner mentioned. “The best thing would have been if Bay Point had bought the two golf courses. The next best thing is that this contractor buys them.”
More particulars shall be launched as they change into out there. The Bay County Clerk of Courts Record Department had no data on the potential buy Monday morning.