GLG’s comprehensive services help golf course owners modernize their facilities, reduce environmental impact and unlock new revenue streams through strategic land use.
Identify and Assess Re-Development Opportunities
Examine golf course layout to identify redevelopment opportunities
Formulate preliminary opinion regarding legal and regulatory requirements and how to navigate
Evaluation of current irrigation water source(s) and existing golf course irrigation system
Conduct assessment of local real estate market to evaluate appropriate balance between land use, prescribed densities and sustainability best-practices
Present preliminary findings to client and offer opinion regarding advancement to Formal Evaluation and due diligence stage
Execute Formal Evaluation contract between client and GLG
Conduct legal review to yield expected tolerances of commercial vs. residential and corresponding densities along with any potential obstacles and estimated timeline
Tabulate and categorize initial thoughts and concepts related to land plan incorporating golf course revisions in tandem with creation of developable parcel(s)
Present all options related to project feasibility, costs, legalities, timeline and projected profit to client for consideration
Identify and assist in securing any rebates, grants or other financial incentives available from local/state water authorities or other regulatory entities offered in exchange for turf reduction efforts
Assemble ROM budget for proposed concepts including all soft costs (engineering, GCA, permitting, etc.) and anticipated construction costs
Prepare financial pro forma incorporating budget and projected sale of land
Execute Redevelopment contract between client and GLG
All proposed legal and regulatory efforts are actionized
Deploy all networking and marketing efforts to begin soliciting interest from developers and/or homebuilders regarding the developable land being unlocked in line with selected concepts
All requisite engineering (if warranted) and golf course renovation design/construction documents are generated based on selected concept by client
Execute construction contract with golf course contractor (or self-perform) and develop estimated construction schedule
Coordinate all legal matters including rezoning, land use entitlements and permitting for construction
Proceed with the renovation of the golf course
Preliminarily develop unlocked parcels of land via demolition, clearing and mass grading
Complete the renovation of the golf course
Continuance of marketing and eventual execution of land sale (fee negotiated as disbursement from client profit)
Dialogue maintained with developers from initial marketing efforts to close transaction with selected concept
Manage the sales transaction of the developable parcels
Continue to work with client to ensure execution of plan and that deliverables have been achieved
GLG Stays on through completion of parcel(s) build-out to ensure compliance with GLG’s initial plan
Conduct project closeout and administration thereof
All proceeds from the sale are processed as per contract
