SALADO (June 24, 2013) --- A group of Central Texas business owners, residents and investors purchased the Mill Creek Golf Course last week and plans to close on the property July 15.
The group was able to come up with the money to cover the $1.75 million price tag after the owner made it clear he wanted to close the course or sell it by Oct. 1, group member Billy Helm said.
The for-profit group is utilizing the help of local businesses to secure funds to renovate the course and repair some of the holes that were closed after major flooding in the area.
Helm said some of the first repairs will be to address erosion issues on some of the currently open holes and make improvements to the pool area.
Helm said the long-term goal is to have all 27 holes back up and running.
There are currently 18 holes open at the golf course.
The timing of the group's move to buy the course worked out perfectly after efforts of another non-profit group fell short.
The Mill Creek Golf Club in Salado was $325,000 short of its goal to purchase the course last week.
Member Bruce Bolick said even though his group wasn't able to come up with the money he was glad someone purchased the course with the intentions to keep it open.
Bolick said checks written to the non-profit for the golf course would be voided and sent back.