Business Den

Aaron Kremer May 9, 2018

Original Article found here

The Texas company that runs Park Hill Golf Course says it is willing to match the price discussed last fall when the course’s owner announced a deal – now up in the air – to sell the land to the City of Denver.

Scott Siddons, general counsel for golf operator Arcis, told BusinessDen this week that the company wants to buy the course from owner Clayton Earning Learning for around $21 million – the same terms announced last fall with the city.

“We always prefer to own the land,” Siddons said. “That’s our business model.”

Siddons said Arcis Golf owns Arrowhead Golf Course in Littleton and Parker’s The Club at Pradera. 

According to the terms of Arcis’ and Clayton’s current lease, which comes up for renewal at the end of June, Arcis pays $700,000 a year in rent and has a “right of first refusal” if the course is ever sold.

Arcis and Clayton now are locked in a lawsuit over what constitutes a right of first refusal.

READ COMPLETE ARTICLE HERE