golf course developers who buy the land around the golf course they build are attempting to:

Should home builders be aware of the environmental challenges that come with developing on former golf courses?

What are golf course developers who buy the land around the golf course they build most likely attempting to do? impose external costs on nonconsenting third parties. internalize external benefits. turn a private good into a public good. guarantee economic losses for tax purposes

Are golf courses a popular redevelopment site?

Jun 04, 2021 · The defunct Tomoka Oaks Golf Course was just sold to developers much to the dismay of many who live around it. “Tomoka Oaks is a subdivision that has about 550 homes in the whole subdivisiion ...

Do golf course developers internalize external benefits?

Jun 02, 2021 · The homebuilder is under contract to buy the golf course west of Lake Worth Beach at Lucerne Lakes from Grillo Golf Management for $15 million. It would be quite a payday for Grillo, who acquired ...

Why are two golf course owners exiting the business?

Jun 19, 2018 · Green, lush, and well-situated in upscale neighborhoods, golf courses are increasingly being looked at as popular redevelopment sites, particularly as buildable land remains scarce. Here, Bilzin ...

How many homes are there in Tomoka Oaks?

The defunct Tomoka Oaks Golf Course was just sold to developers much to the dismay of many who live around it. “Tomoka Oaks is a subdivision that has about 550 homes in the whole subdivisiion, there are 178 homes that surround the golf course,” said Jim Rose, a longtime resident of Tomoka Oaks, while pointing at his map. ...

How much did the Volusia County property sell for?

According to the Volusia County Property Appraiser, it was sold back in April to developers for $2.6 million. Rose said although it was a shock to him and his quiet neighborhood, it should not have been.

Who is the chairman of the subdivision golf course committee?

As Chairman of the subdivision’s golf course committee, Rose said some of his neighbors are trying to keep the land from being developed all together, even petitioning the city to try and buy the land. However, he believes that is likely a long shot.

Why is due diligence important?

Conducting adequate and timely environmental due diligence is essential because these sites tend to have residual soil and groundwater contamination related to the legal use of agro-chemicals such as fertilizers, pesticides, herbicides and fungicides over a long period of time.

Who is Cristina Lumpkin?

Cristina Lumpkin is an environmental attorney and partner at Miami-based Bilzin Sumberg. She provides counsel to developers on a wide range of environmental compliance issues, including pre-acquisition due diligence, contamination cleanup, and permitting.

Should home builders be aware of the environmental challenges that come with developing on former golf courses?

Home builders should be aware of the environmental challenges that come with developing on former golf courses, says BUILDER blogger Cristina Lumpkin. Green, lush , and well-situated in upscale neighborhoods , golf courses are increasingly being looked at as popular redevelopment sites, particularly as buildable land remains scarce.

Developers propose cutting courses for homes

Phoenix has seen “renewed interest” over the last few years in turning golf courses into other uses, said Alan Stephenson, director of Phoenix's Planning and Development Department. New requests could go to the city in the coming months, after a few such transitions throughout the Valley in previous years.

Loss of open space, rise in congestion feared

Even proposed changes to a golf course can come as a shock to people who say they bought their homes specifically for the view and lifestyle. Golf courses vary in their protections from development.

Why are golf courses closed in Florida?

In both cases, the Club owners want the County to rezone the land to allow construction of additional housing. Homeowners are upset at the prospect of losing their view of open space and greenery. Ironically, most adjacent homeowners do not golf. That is precisely why the golf courses must be closed.

What happens if a golf course is shut down?

But once a golf course is shut down, with no one to maintain the land, it tends to become an eyesore and a nuisance.

When will Ponte Vedra Golf Course close?

And in Ponte Vedra, FL, the new golf course owner is giving homeowners an ultimatum: allow him to redevelop 6 holes and build 100 senior housing units, reducing the course to 12 holes, or allow the current golf course to close permanently until 2023. In 2023, the owner will no longer be constrained by the orignal development agreement.