The Morgan Creek Golf Course owners claim the business is not making money. They have asked the community to subsidize its operation for from 3 to 10 years. The way it is being operated this is probably true. If they choose not to continue as is, what might the owners options be:
- They could sell the course. Rumor has it there have been two offers.
- They could successfully lobby for the homeowners to subsidize them.
- They could attempt to close all or part of the course and develop the land, a tall order. See the editorial below for more.
- They could close the course and let it lay fallow as they did at Sunset Whitney.
There is some support in the community for options 1. and 2. above. Options 3. and 4. would have a strong negative effect on our Morgan Creek lifestyle and probably negatively affect property values.
My front yard needs work can the association subsidize me ,so my neighbors property doesn’t depreciate.
If there is a group of homeowners with deep pockets who are interested in getting together and purchasing the golf course I’d be interested in discussing.
Perhaps the residents (HOA) of Morgan Creek should consider paying the same or similar special assessment to be used instead as part of a proposal to PURCHASE the golf course and hire a company to manage it. The Sun City Roseville HOA owns Timber Creek Golf course and its residents receive preferred rates and tee times in return. And the course is one of the better maintained courses in the area. Morgan Creek Golf Course will also likely be better maintained if owned by the HOA which can be held accountable by the residents. Win-win.
Yeah, I know it might be cost prohibitive to purchase the golf course but I think it’s worthwhile to at least consider the possibility. It’s a better option than pouring money into a venture that will not provide financials, has a history of failure (Sunset Whitney) and no expected return on our investment (other than maintaining property values).
Option # 2-NO Most of the property owners of the Lakemont subdivision are already subsidizing for a lake they can not use…
My vote is option #1. With the owner moving out of the community, who knows where Option #2 money is going. With 500 homes @ $30 that is $180K a year! I would never agree to Option #2 unless we had an accountant look over the financials and if valid, every owner would receive 1 round of free golf per month. Our HOA dues are HUGHER than Los Lagos in Granite Bay- hello. These are nice houses but this is ROSEVILLE, its getting ridiculous. If there are two offers, let him sell and be done.
Heard a Rumor that the golf course has sold (or is in the process of being sold).. Can anyone verify that ?