 |
|
| Home | Yearly News Archive | Advertisers | Blog | Contact Us |
|
 |
Thursday, November 28, 2024 |
|
$1.6 Million Weatherwax Deal |
Post Reply 
|
Page 12> |
| Author | |
John Beagle 
MUSA Official 
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
 Post Options
 Thanks(0)
 Quote Reply
 Topic: $1.6 Million Weatherwax DealPosted: Sep 17 2014 at 10:25am |
|
Ed Richter of the Dayton Daily News is reporting that the $1.6 million sale of Weatherwax Golf Course closed last week, and the property has been transferred to its new owner, a Hamilton auctioneer who says there is a 50 percent chance that it will remain a golf course in 2015.
According to old reports the city is losing around $150k per year on the course not including a $250k annual debt payment for improvements done on fairways several years ago. City Manager Doug Adkins expects the sale will result in a savings to the city up to $400k/yr. When I last spoke to Dave Tieman, the golf pro/manager, he was neutral on if the course would open next year. Also the paper is reporting that revenues this year are on par with last year despite an increase in rounds played. I played out there last week and the course was in good condition. Personally I would feel a loss if Weatherwax was ever to close. |
|
 |
|
|
spiderjohn
Prominent MUSA Citizen 
Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 17 2014 at 1:10pm |
|
Will have to get out there
If it goes, this would be a huge loss/mistake imo Outstanding public facility that priced itself too low I belong to a nice private course(also seriously struggling), but still pay to play Weatherwax. I would really miss this place. The Weatherwax family is sad and disappointed. City should have given their gifted land back to them imo, and treated the family very poorly throughout this process. |
|
|
|
|
Bill
MUSA Citizen 
Joined: Nov 04 2009 Status: Offline Points: 710 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 17 2014 at 3:32pm |
|
50/50? It sounds like there has been no significant change in public use of the course. Did they think there would be a giant increase..and why? It smells like a plan to turn the property into another use.
|
|
|
|
|
acclaro
Prominent MUSA Citizen
Joined: Jul 01 2009 Status: Offline Points: 1878 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 17 2014 at 9:45pm |
|
It is predictable. The buyer said he would do what it required to make a profit. I'd say more 80/20 build houses, with a nine hole course, or 18, if an upscale development can economically be supported.
|
|
|
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
|
|
|
|
|
swohio75
MUSA Citizen
Joined: Jun 13 2008 Status: Offline Points: 820 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 18 2014 at 9:08am |
|
I think the smarter option for the city was to keep 18 of the 36 holes and sell, subdivide the rest.
|
|
|
|
|
Alien
MUSA Immigrant 
Joined: Mar 21 2009 Status: Offline Points: 22 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 30 2014 at 4:54pm |
|
I played golf at Weatherwax over the weekend - probably for the last time before it closes permanently.
It did not take long for the Myron Bowling to get his auction signs up. Check out the November 15th auction liquidation details at www.myronbowling.com. After the City paid off their debt and sale obligations, they received less than $100,000 out of the sale. Another example of great decision by Council. Pathetic leadership! |
|
|
|
|
409
Prominent MUSA Citizen
Joined: Mar 27 2009 Status: Offline Points: 1014 |
Post Options
Thanks(0)
Quote Reply
Posted: Sep 30 2014 at 5:16pm |
|
http://myronbowling.com/Auctions/Weatherwax-Golf-Course-714C50.html?LayoutID=23 http://myronbowling.com/Auctions/Weatherwax-Golf-Course-715C50.html?LayoutID=23 |
|
|
Every morning is the dawn of a new error...
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 9:17am |
So the whole thing is gone after this year?
|
|
|
|
|
Bill
MUSA Citizen
Joined: Nov 04 2009 Status: Offline Points: 710 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 9:50am |
|
I thought maybe the new owner would retain an 18 hole course and develop the rest. But auctioning off all the equipment tells me the golfing is finished. What would go out there -- houses?
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 11:35am |
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 11:36am |
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 11:37am |
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 11:41am |
|
|
|
|
|
sportsnut
MUSA Immigrant
Joined: May 18 2007 Status: Offline Points: 36 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 1:22pm |
|
What a sad day. I no longer live in the Middletown area, but grew up on Mosiman road. Learned to play on that course and would play it whenever coming back to town. Lots of wonderful memories from that facility. This stinks.
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 2:24pm |
|
Very sad day. I loved this course. I will try to get out at least once more before they close for good. The course is still in very good shape.
|
|
|
|
|
spiderjohn
Prominent MUSA Citizen
Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 5:26pm |
|
My favorite public course anywhere
A local gift and treasure given away like just another decayed structure in the area formerly known as our downtown. Another bad decision by Council/Admin, which was plagued by a non-workable employee pay structure imo. |
|
|
|
|
Stanky
MUSA Resident 
Joined: Jul 04 2011 Status: Offline Points: 193 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 01 2014 at 8:55pm |
|
SJ, are you referring to course director Tieman making over $70,000 when there are golf pro's half his age making half that money?
|
|
|
|
|
spiderjohn
Prominent MUSA Citizen
Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 02 2014 at 7:24am |
|
not directly
thought greens fees were too low weren't groundskeepers on city wage/benny packages? not particularly promoted well imo but I am not close enough to know that much about it so I should probably just shut up though I also want to play there again and will miss this gem of a local treat |
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 03 2014 at 10:04am |
|
spider, you raise several good points.
I think someone who knew how to run and promote golf courses would do very well and be very profitable. Golf is on the downswing right now. All golf courses left standing after this downturn will become gold mines. We need someone with vision and marketing experience to take over Weatherwax Golf Course.
|
|
|
|
|
FmrMide81
MUSA Resident
Joined: Aug 26 2012 Status: Offline Points: 188 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 03 2014 at 10:58am |
|
At this point what you need is someone who can disable bulldozers-cuz the fairways and the rough are about to become one and the same...
|
|
|
|
|
John Beagle
MUSA Official
Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 07 2014 at 3:04pm |
|
And the sign says "Business Opportunity"
 |
|
|
|
|
bumper
MUSA Citizen
Joined: Feb 01 2010 Location: over here Status: Offline Points: 307 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 09 2014 at 8:33am |
|
City Manager Doug Adkins reviewed the various accomplishments of the city in 2014 that included the sale of the Bank One/Goetz Tower, the former Manchester Inn, the Sonshine Building, Se bald Park, Weathercocks Golf Course,
 yo ED!! what you smoking??? closing the city’s public housing authority, placing the Community Center under CBI leadership and an increase in income tax revenues... Mr. doug how in the world can you call those accomplishments?? geeeez !!!
|
|
|
|
|
acclaro
Prominent MUSA Citizen
Joined: Jul 01 2009 Status: Offline Points: 1878 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 09 2014 at 10:44am |
|
What house did Mr. Adkins buy in Middletown before his contractual date of 6 months of taking the job.....or is he just commuting, and living a few days a week in an apartment. Probably the latter.
I'd last .5 day on accomplishments he cited in the private sector before being fired. Oh how I wish I had studied for the MPA, and been a city manager, retired at 50, triple dipped, and never had a day of stress from job related issues. |
|
|
'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
|
|
|
|
|
middletownscouter
MUSA Citizen
Joined: Oct 11 2010 Location: Sunset Park Status: Offline Points: 501 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 10 2014 at 8:26am |
|
Doing a search of real estate records on the Butler County Auditor's website, it does not appear that Mr. Adkins owns any real estate in the city of Middletown or Butler County in general.
|
|
|
|
|
over the hill
MUSA Citizen
Joined: Oct 19 2012 Location: middletown Status: Offline Points: 952 |
Post Options
Thanks(0)
Quote Reply
Posted: Oct 10 2014 at 9:04am |
|
There are plenty of nice homes available in Middletown with 4 bed rooms at a reasonable price less that what he's asking for his.Some in the Oaks and Manchester Manor. What's he waiting for? Unless he's upside down in his mortgage. I don't think that's the case. IMO
|
|
|
|
Topic Options
Alien wrote:|
Post Reply
|
Page 12> |
Tweet
|
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
This page was generated in 0.086 seconds.
| Copyright ©2024 MiddletownUSA.com | Privacy Statement | Terms of Use | Site by Xponex Media | Advertising Information |