A scenic golf course designed by one of America's legendary architects is now up for sale in northwestern Pennsylvania. Millcreek Township has listed the Erie Golf Club for $1.1 million as they look to unload ownership of the 160-acre property.
Built in 1921, the 18-hole Erie Golf Club was one of A.W. Tillinghast's earlier designs. Tillinghast would go on to design many of the country's finest courses, so the opportunity to acquire a prime early example of his work is an intriguing prospect for golf course investors.
Located just outside Erie city limits, the tree-lined course features Tillinghast's trademark subtle mounding and strategically placed bunkers. Deed restrictions on three parcels that comprise the property mandate continued use as a golf facility.
Millcreek Township has owned and subsidized operations at Erie GC since 2009 but is now seeking to divest. The township receives $37,000 annually from the current operator but projects losing $160,000 over the length of their contract, which expires this year.
Township officials have enlisted Golf Property Analysts to market the prime real estate. Potential buyers have already toured the facility and bids will be accepted until mid-summer. While priced at $1.1 million, offers can come in lower but will require township approval.
Proceeds from any sale must go toward Millcreek's parks and recreation programs. Township leaders have mentioned using funds to upgrade their nine-hole Millcreek Golf and Learning Center.
With its classic Tillinghast design and location near Lake Erie, the Erie Golf Club offers a rare opportunity for golf course investors or operators. Its upcoming sale will be closely watched within the industry.
References:
Find more Golf Brands you would like: