Kilgore inks deal on golf course
From Staff Reports
Oct. 25, 2012 at 10 p.m.
Kilgore finalized its contract Thursday with a Dallas-based golf course management firm that will operate the formerly private Meadowbrook Country Club and its nine-hole golf course.
The city council agreed to buy the financially strapped property last spring and began seeking an entity to run all or some of the club's components. The city paid $275,000 for the club, which will open to all residents at a per-visit price or memberships.
Eagle Golf of Dallas was chosen in September from among eight companies. The contract finalized Thursday pays the company $5,000 a month to manage all five Meadowbrook components.
Those are the 60-acre, nine-hole golf course; the clubhouse, including a bar, kitchen, ballroom, dining hall and offices; the 19th Hole restaurant; and the saltwater swimming pool.
"Eagle will submit to the city an annual budget that will include improvements that need to be made to the course," City Manager Scott Sellers said. "Once those improvements are made, we anticipate having a positive cash flow in the second or third year of the agreement."
Eagle Golf manages 30 golf courses in Texas and specializes in partnerships with municipalities.
The company is keeping the staff intact, Sellers said.
"Yeah, every one of them," he said. "They have been here for several weeks in anticipation of the agreement. Today they were transitioning the employees into Eagle Golf and have hit the ground running."
Meadowbrook was developed as a private club in 1932. It continued to operate until 2007 when a group of investors, including Mayor Ronnie Spradlin, was formed to "carry the course when it did not meet revenue projections," the city's letter to prospective bidders said.
The investment group offered the club to the city last spring after its initial investment depleted.
"The city is confident," the June letter reads, "that through city ownership the course can be operated at a profit - primarily through the absence of property taxes and a possible subsidy of the water utility costs."