As you may have seen in the press or heard about in public meetings, Saddlebrook Golf Course went up for auction in March 2016. First Financial Bank (FFB) bought the course at auction and has been trying to sell the land ever since. A 4-person committee of concerned Saddlebrook homeowners worked hard over the past year to find a buyer for the 135 acres who will keep the land as a golf course, instead of allowing the land to go to a developer. As the committee met with interested golf course operators, it became evident that there was no way for any buyer to pay FFB’s asking price, restore the course, and be able to operate it successfully. One by one, golf course buyers walked away. Meanwhile, the course continued to deteriorate, was vandalized, and now needs major work and money to restore it to playability. The committee realized some incentive was needed for any golf course buyer to help defray the cost of restoration.
After a long search, Indiana-based Green Golf Partners (GGP) has emerged as the best partner willing to buy Saddlebrook – and has signed a purchase agreement with FFB. However, the deal only makes good business sense if our community is willing to have some skin in the game. Before they close the deal, GGP needs our help with the $300,000 capital investment it will take to restore the course and clubhouse. To be clear, this is a one-time investment to be used only for restoration costs and NOT toward the course purchase or operating expenses.
We are asking our community to “CHIP IN” for Saddlebrook. A committed and ethically-guided Capital Campaign Committee, made up of Saddlebrook homeowners and nearby neighbors, is working hard on your behalf to spearhead this fundraising effort. The 22 committee members have stepped up already with their pledges totaling over $34,000! We are confident our fellow Saddlebrook homeowners and friends in surrounding neighborhoods will agree Saddlebrook is worth the investment to preserve as a golf course community.
GGP has put together a generous incentive program, offering discounted golf, merchandise, food and beverage for those who contribute at a leadership level. There will also be homeowner discounts and membership plans in the future.
We all benefit from living in or near a golf course community. Investing to save our golf course is an investment in the future value and safety of our community. The simple truth is: this is our last chance to save this 18-hole gem and preserve the integrity of our neighborhoods – there are NO other options! Now, we need everyone to pull together as a community to reach our goal!
Thank you for your support!
The Capital Campaign Committee