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Rather than watch Adidas Primeknit Ultra Boost their property values plummet, 108 Shalimar Pointe homeowners and nearby residents bought the struggling Shalimar Pointe Golf Club, which had been on the market for more than a year. Since finalizing the sale in November 2012, the owners have continued to invest money in the property and have turned the course's fortunes around.

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"We turned this into a very nice golf club, more in line with where the economy is today," Szabo added.

SHALIMAR It was a gamble that many did not expect to work.

A big focus for the owners this year will be to continue to increase the club's membership. Annual memberships have increased 50 percent in the past 18 months to 110 members.

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"Once you break the 200 member barrier, it gets a lot easier to manage your golf course, your cash flow and everything," he added.

Preserve Shalimar Pointe LLC, the company formed to purchase the course, still has Adidas Neo Shoes High Tops Blue

Preserve Shalimar Pointe LLC, the company formed to purchase the course, still has about $500,000 of investment available in their initial public placement memorandum.

about $500,000 of investment available in their initial public placement memorandum.

Rather than watch their property values plummet, 108 Shalimar Pointe homeowners and nearby residents bought the struggling Shalimar Pointe Golf Club, which had been on the market for more than a year. Since finalizing the sale in November 2012, the owners have continued to invest money in the property and have turned the course's fortunes around.

Better than par for the course

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Since buying the course from former owner Meadowbrook Golf of Orlando, rounds are up about 40 percent, food and beverage sales have increased 77 percent and the number of tournaments at the course has increased by 20 percent, Szabo said.

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The owners rallied to buy the course after a local developer announced plans to purchase it and build nearly 200 homes on the land. All 108 owners are still involved in the golf course and none have inquired about selling their stake in the property.

"In a period of a year, it's turned into a golf course that is worthy of the pedigree that it has," said Jim Szabo, the course's general manager. "We have a lot of folks that are participating and playing golf.

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"That doesn't mean it's great numbers," Szabo said. "We finally we have the course in a position where we're going to start pushing memberships. It's hard to push memberships when you're rebuilding something.

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Shalimar Pointe has renovated its clubhouse and has invested heavily in new specialty mowers for the rough, fairways and greens, and new equipment to grade the sand traps. The owners also spent $75,000 to overhaul the aging irrigation system.

"We turned this into a very nice golf club, more in line with where the economy is today," Szabo added.

the golf course and none have inquired about selling their stake in the property.

A big focus for the owners this year will be to continue to increase the club's membership. Annual memberships have increased 50 percent in the past 18 months to 110 members.

The owners rallied to buy the course after a local developer announced plans to purchase it and build nearly 200 Neo Adidas Shoes Selena Gomez

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homes on the land. All 108 owners are still involved in Adidas Nations Los Angeles 2018

"That doesn't mean it's great numbers," Szabo said. "We finally we have the course in a position where we're going to start pushing memberships. It's hard to push memberships when you're rebuilding something.

"In a period of a year, it's turned into a golf course that is worthy of the pedigree that it has," said Jim Szabo, the course's general manager. "We have a lot of folks that are participating and playing golf.

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Since buying the course from former owner Meadowbrook Golf of Orlando, rounds are up about 40 percent, food and beverage sales have increased 77 percent and the number of tournaments at the course has increased by 20 percent, Szabo said.

"Once you break the 200 member barrier, it gets a lot easier to manage your golf course, your cash flow and everything," he added.

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Shalimar Pointe has renovated its clubhouse and has invested heavily in new specialty mowers for the rough, fairways and greens, and new equipment to grade the sand traps. The owners also spent $75,000 to overhaul the aging irrigation system.

SHALIMAR It was a gamble that many did not expect to work.

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