The Clayton Foundation tried to sell the land in 2017, but the deal collapsed. (BizDen file photo)
The shuttered Park Hill Golf Club may soon be in the hands of a local developer.
Westside Investment Partners is working on a deal to buy the 155-acre golf course from the foundation that has owned the land for 100 years, both parties said Tuesday.
The land is controlled by the Clayton Foundation, which funds early childhood education programming. Clayton tried to sell the land for $20 million to the City of Denver in 2017, but that deal collapsed after the golf course operator said it wanted to keep running the golf course.
The course closed at the end of 2018. Denver’s department of public works, meanwhile, is digging up a portion of the property to build a stormwater retention area.
Westside Founder Andy Klein declined to comment when reached by phone.
Andy Klein
The company is already in the early stages of a massive redevelopment project in Denver. The firm paid $16.5 million last year for the 75-acre former Loretto Heights University campus along Federal Boulevard.
Charlotte Brantley, the former Clayton CEO who is representing the organization in discussions, said that she has notified Denver about the intent to cancel an “Agency Agreement” signed in 2000 that traded the title of the land to Denver in exchange for help on property taxes. Clayton also sold an easement on the land in 1997 to Denver for $2 million that requires the land remain used as a golf course.
The elimination of the agency agreement would return the title to Clayton, and then allow the land to be sold (with a conservation easement).
Clayton is also involved in a lawsuit with golf course operator Arcis, which sued in 2018 for the right to buy the land. That lawsuit is still pending, and in a previous interview, Arcis General Counsel Scott Siddons said he wanted to buy the land, which he claims was allowed under a contractual “right of first refusal” included in the golf course lease.
The Clayton Foundation tried to sell the land in 2017, but the deal collapsed. (BizDen file photo)
The shuttered Park Hill Golf Club may soon be in the hands of a local developer.
Westside Investment Partners is working on a deal to buy the 155-acre golf course from the foundation that has owned the land for 100 years, both parties said Tuesday.
The land is controlled by the Clayton Foundation, which funds early childhood education programming. Clayton tried to sell the land for $20 million to the City of Denver in 2017, but that deal collapsed after the golf course operator said it wanted to keep running the golf course.
The course closed at the end of 2018. Denver’s department of public works, meanwhile, is digging up a portion of the property to build a stormwater retention area.
Westside Founder Andy Klein declined to comment when reached by phone.
Andy Klein
The company is already in the early stages of a massive redevelopment project in Denver. The firm paid $16.5 million last year for the 75-acre former Loretto Heights University campus along Federal Boulevard.
Charlotte Brantley, the former Clayton CEO who is representing the organization in discussions, said that she has notified Denver about the intent to cancel an “Agency Agreement” signed in 2000 that traded the title of the land to Denver in exchange for help on property taxes. Clayton also sold an easement on the land in 1997 to Denver for $2 million that requires the land remain used as a golf course.
The elimination of the agency agreement would return the title to Clayton, and then allow the land to be sold (with a conservation easement).
Clayton is also involved in a lawsuit with golf course operator Arcis, which sued in 2018 for the right to buy the land. That lawsuit is still pending, and in a previous interview, Arcis General Counsel Scott Siddons said he wanted to buy the land, which he claims was allowed under a contractual “right of first refusal” included in the golf course lease.
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