Saturday, November 26, 2016

OCEAN BREEZE Birdie, Par or Bogey?

Birdie, Par or Bogey?

  Ocean Breeze Golf Course is the object of a great deal of debate among those involved in City government. The course is closed and in foreclosure. Wells Fargo is the current owner and Lennar Homes has an agreement to buy the property from the bank. Located off of Clint Moore and near Boca Teeca, the course is rapidly declining and its future is uncertain. 
  The city of Boca Raton has an alternate plan. The Council and Mayor Haney wish to acquire Ocean Breeze from Lennar in exchange for 51 million dollars and the Boca Raton Municipal Golf Course property. This property is located on Glades Road between the Florida Turnpike and Lyons Road. Many other financially secure developers have expressed an interest in this 194 acre parcel. GL Homes will pay 73 million for the site and another local developer has offered 73.2. Each offer is unique and I will go into the details if you ask.  
  Some feel that, since the interest in golf is declining, the City should just let Ocean Breeze go to Lennar and close the Municipal Course. After all, the city could sell the Municipal course and
put the money(70+ million) into another project . Perhaps Ocean Strand? 
  The Parks and Beach District would like to see the city swap property with Lennar. The Parks people would like to build a world class golf facility. This idea has already caught the eye of Greg Norman. Mr. Norman, a former PGA standout and entrepreneur, was recently in Boca to look over Ocean Breeze. He would put his name on a teaching facility and help with the course redesign. This would be a massive undertaking and may be cost prohibitive. 
  Another more realistic solution might be to swap courses and put some of the extra money into Ocean Breeze upgrades.
  Lennar has one incentive to swap courses. The owners of the Boca Teeca Condo community have a legal right to alter Lennar's plan. These owners must approve the use of the land for any type of development that is not a golf course. Well, just think of the incentives Lennar may have to offer the owners of Boca Teeca!

  Here we are..  Please tell me what you think.,  Which solution is the Birdie, which the Par and which is the Bogie?  Please respond on the Blog...

By the way, have you ever heard of an Albatross?


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