Parks Legacy Project

With over 150 years of combined experience from its principals creating and restoring communities, Park Legacy Project was formed in 2012 to assist the public and private sectors find solutions to preserving open spaces. The founders and leadership of the Parks Legacy Project have developed numerous projects that embrace the mission to establish long term financial sustainability to keep open spaces and parks a thriving part of our neighborhoods.

The following project case studies are provided as just a few examples to demonstrate past projects of Parks Legacy Project leadership. Due to confidentiality requirements of projects in process, specific information and locations may be omitted. For additional information on specific project types or specific projects, contact us.

CASE STUDY: PRESERVATION OF A HISTORIC GOLF COURSE

CASE STUDY: GOLF RECONFIGURATION TO FACILITATE IN-FILL MIXED USE

CASE STUDY: GOLF RECONFIGURATION TO FACILITATE CORPORATE COMPLEX

PRESERVATION OF A HISTORIC GOLF COURSE & FACILITATION OF NEW RESIDENTIAL AREAS

Summary: Reconfigure an 18-hole historic golf course to accommodate 113 luxury homes and golf course improvements.

Type & Status: Fully private lands with private funding, requiring extensive re-zoning and entitlements. (Project built and completed by leadership team members prior to PLP founding.)

Scope: $3.5 million golf course restoration/renovation and remodeling with all funding from residential land made available after reconfiguring the 18-hole course and practice area.

Sustainability Factor: Revenue generated from land sale to residential developer paid for all improvements and established a capital fund for deferred maintenance.

GOLF RECONFIGURATION TO FACILITATE IN-FILL MIXED USED

Summary: Reconfigure and restore an aging 45-hole golf complex and practice area to reflect a more diverse golf asset of 18-holes regulation golf and 18-holes precision length golf with flexibility to set up the precision course with a 3-hole practice (youth) loop of holes.

Type & Status: Fully municipal lands under control of the public sector. (Project pending with planning completed by leadership team members prior to PLP founding.)

Scope: $5.8 million golf course restoration/renovation and remodeling with all funding from mixed use land made available after reconfiguring the golf facility. Mixed use included single family residential brownstones, business hotel, health club and golf-hotel retail services. A parcel for a satellite convenience mart was also established.

Sustainability Factor: Revenue generated from land sales to mixed use developer(s) will pay for all golf improvements and establish a lease and/or HOA and/or room tax revenue to offset future golf finances during difficult economic times.

GOLF RECONFIGURATION TO FACILITATE CORPORATE OFFICE COMPLEX

Summary: Remodel and re-route an existing 18-hole course and limited length practice range into a high-end 18-hole resort club for transient use by business travelers, establishing a 20+ acre Class-A corporate business park with 900,000 sf located along a major east coast interstate with commercial lease rates in excess of $2.50/sf/month.

Type & Status: Fully private land holding by major hotelier. (Project pending with planning completed by leadership team members prior to PLP founding.)

Scope: $3.4 million golf course restoration/renovation and remodeling with all funding from commercial land made available after reconfiguring the golf facility (20+ acres at Approx. $840,000/acre).

Sustainability Factor: Revenue generated from land sales to commercial developer(s) will pay for all golf improvements and establish long term lease to offset golf needs for 30+ years.