TEXAS – Soon-to-shutter Conroe golf course in limbo

HoustonChronicle.com: Soon-to-shutter Conroe golf course in limbo
“Most developers try at this point to avoid golf courses like the plague”

By Nancy Sarnoff
January 11, 2016

CONROE – Relaxing in his oversized leather lounger, Wayne Norman is surrounded by the trappings of suburban success: a big house on a cul-de-sac with 14-foot ceilings and four bedrooms for when the grandchildren come to visit.

But his most prized domestic possession is what you find just outside his back door – Wedgewood Golf Course, an 18-hole course spread over about 120 acres of undulating terrain amid the piney woods of Conroe.

“It was a dream of mine as a kid to be married to someone who loved to play golf and to live on a golf course,” said Norman, a retired salesman who’s been hitting the links for more than 50 years.

But what drew Norman and many of his neighbors to this upscale subdivision north of Houston, where towering pines and curving farm-to-market roads give off an air of country living, is being threatened by a potential real estate deal that could result in parts of the golf course being redeveloped, possibly into more houses.

After financial setbacks put the property into the hands of a Texas bank, the nearly 30-year-old Wedgewood course is closing this month. Norman and his neighbors fear what could happen to their property values if the land is sold to builders or if it’s not maintained. Read more:

http://www.houstonchronicle.com/business/real-estate/article/Soon-to-shutter-Conroe-golf-course-in-limbo-6750635.php

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