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10 Interesting Things You Didnt Know About Park Hill Golf Course
On the 15th of March, 2017, The Clayton Early Learning Center held a community forum to advise the members of the Park Hill community about the future of the land known as the Park Hill Golf course. The forum was also an attempt to get feedback on what members of the community would like to see happen with the Park Hill Golf course located Colorado Blvd. and 35th Ave.
Here are some interesting bits of information that came out of the forum:
The Park Hill Golf Course is not Owned or operated by the City of Denver. The 156 acre parcel of land is owned by the Clayton Early Learning Center Trust. On Aug. 15, 1899, George W. Clayton died and bequeathed most of his estate, estimated at between $2 million and $5 million, to found the George W. Clayton Home and School for Orphan Boys. After which, it was used for 40 years as agricultural land.
George W. Clayton
The golf course opened for business in 1931.
The amount of rounds played at Park Hill gold course has had a steady decline for the last 10 years.
Currently a private golf company leases the land for $750K a year, and loses over 200K a year operating the business.
On December 31st, 2018 the lease held by the golf course for the use of the land will end.
The Clayton Early Learning Center believes that the Golf Course will not seek to renew its lease. The CELC relies heavily on the money generated from the PHGC lease to support their children's early learning programs. At the end of the lease, which they refer to as the "Brick Wall," the CELC will have to try to replace the $750k per year income in another way.
They don't have a clear idea of what they will do to recoop the income lost by the absence of the golf course.
The CELC is asking for the community to contribute ideas and opinions on sustainable ways to generate money from the land to benefit the children of the programs at the CELC.
The 156 acre parcel is a very valuable piece of land in the center of Denver and many community members fear that the land will be sold and redeveloped.
Please go to http://futureofparkhillgolfcourse.com/
to Learn More and Join The Conversation
My name is Kevin Fletcher and I am a Denver native working with Exit Realty of Cherry Creek. I specialize in helping buyers, sellers and investors with real estate transactions in the Denver Metro Are....