Last updated on November 21, 2020
Belleair Buys Biltmore Partners with Green Golf Partners
After the Town of Belleair purchased the Belleview Biltmore Golf Club in February 2013. The fear of property development rights for the Belleview Biltmore was a thing of the past. Making the Belleview Biltmore safe from development. The management of the Biltmore during 2013 was given to Green Golf Partners.
After that, in late 2014 Belleair sent out notices for bids to lease. The Belleview Biltmore Golf Course.
Something they didn’t do. When they sold the Belleview Biltmore. Belleair opened the six proposals for the club’s operation. Four were to lease the property, and two were to purchase it. Yet Belleair officials never contacted these possible buyers?
Belleview Biltmore Was Profitable For Everyone.
When Belleair, at a January 2, 2014 town meeting. The Town of Belleair unanimously awarded Green Golf Partners’ a 10-year lease.
Belleair Mayor, Gary Katica, commented that “Green Golf has been an honorable partner from the moment the town purchased the course. I know they are the right group to oversee the course now and in the future.”
Above all, the lease deal included payments and 6% of the net profit. Over ten years of the lease agreement. Suppose Belleair had honored the lease agreement.
Allowing for property value increase from 6% to 12%. In principle, it could be a net profit of $6 to 10 million dollars for Belleair?
In other words, once Belleair did this. The Belleview Biltmore Golf Club was well on its way to be profitable for everyone.
Considering the Belleview Biltmore Golf Club was an asset of Belleair residents, honoring the lease would have allowed all residents to enjoy the green space, have a nice lunch or dinner, and play a round of golf. Did our elected officials. Do the right thing? For all Belleair residents? Or did they do what was right for themselves?
In addition, the lease agreement also called for Green Golf Partners’ to spend $500,000. On capital improvements at the facility for ten years. By November 12, 2015. Green Golf Partners’ had already spent $350,000 on capital improvements.
However, there was also a penalty clause. That indicated the town must pay Green Golf Partners if it opts out of the deal in the first three years. A likely signal someone may have known the Belleview Biltmore’s future?
Pelican Golf LLC covered the early termination payment buyout for Belleair ending a 10-year lease contract early.
Golf Green Partners Unveiling Updated Course
While Golf Green Partners was unveiling the newly updated golf course on November 12, 2015. Introducing their $350,000 of improvements, including a newly updated golf course, redesigned restaurant, and new beach themed golf shop. For the enjoyment of all Belleair residents.
On January 20, 2016, Golf Green Partners/ Belleview Biltmore held a grand openingceremony at 1501 Indian Rocks Rd. Belleair, Fl. included town officials.Belleair
For instance, Belleair Mayor Katica commented on the grand opening ceremony, “We are so thrilled to have a semi-private course in Belleair that is one of the top golf facilities and clubhouses in the state of Florida.”
Similarly, Belleair Town Manager, Micah Maxwell. “They are a true partner and we look forward to continued social, environmental and financial success over the next ten years.”
In conclusion, without much feedback from residents, or transparency on the part of town officials. A few months later. The Mayor, Town Managers, Town Commissioners, and board members. Unanimously approved the sale to Pelican Golf LLC.To the Doyle family!
Green Golf Partners continued to manage the Belleview Biltmore golf course. Until May 31, 2017, when Pelican Golf LLC officially took ownership.
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