Saturday, July 23rd, 2016

Sale of Golf Course Could Mean Lower Property Values

If the sale of a local golf course goes through, the property value surrounding the course could go down.  The owners of the San Luis Rey Downs Golf Course in Bonsall could sell the property to a mitigation company, which in turn would sell the property as carbon credits.  That basically means the decades-old golf course would be returned to its natural state, and no more golf.  The course's owner Colt Vessels says the fate of the course hasn't been decided yet, but adds he understands that property values could go down roughly 20 percent.