Park Hill Golf Course Sells For 24 Million
Park Hill Golf Club land sells to Denver-based developer for $24 million
The impending sale sparked outcry from locals who want the area to remain a golf course.
The George W. Clayton Trust has closed a deal to sell the Park Hill Golf Club land to Denver-based developer Westside Investment Partners for $24 million, the two parties said in a release on Thursday.
Its impending sale and potential redevelopment had become another flashpoint over change in the city, pitting folks wanting to see the area remain a golf course space against those hoping to see some housing development. Clayton leased the 155 acres to the golf club.
The release said Westside acknowledges “this property presents a unique opportunity to create a positive transformation” in the area. They plan on launching a community listening tour.
The release did not specify future plans for the site, though it mentioned a comprehensive survey involving 750 people from the area. The survey showed 87 percent of respondents wanted a use other than golf for some or all of the property. Alternative options suggested by respondents included providing open space, affordable housing, neighborhood services and retail.
Former Park Hill Golf Course property sells for $24 million; buyer plans development
The land is currently under a city-held easement restriction that doesn’t allow development
Denver Post
A $24 million sale of the 155-acre former Park Hill Golf Course property was announced Thursday, and the Denver-based investment firm buying the land said housing, recreation and open space are among development options for the controversial parcel.
“We are looking forward to (engaging) in specific, thoughtful conversations with the community to hear their opinions about the need for open space and recreation, affordable and diverse housing options for existing and new residents, and neighborhood services to enhance the existing community,” said Andrew R. Klein, principal of Westside Investment Partners, in a news release.
For years, the Park Hill Golf Course property was owned by the Clayton Trust, which used income from the course to fund early childhood education work of Clayton Early Learning.
The sale “ensures the long-term sustainability” of Clayton’s mission, said Charlotte Brantley who represents Clayton Early Learning.
Controversy swelled when prospects of a sale surfaced over the past couple of years.
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