Hampton Golf Management has signed a 10-year lease on Mill Cove Golf Course, a 23-year-old facility owned by Jacksonville, Florida’s airport authority.
The firm plans to give the property’s Arnold Palmer-designed golf course a $1 million overhaul that will require it to remain closed until next summer.
“We’re committed to getting this course back in shape and make it one of the best public golf experiences in the area, as it was when it first opened,” the firm’s president, M. G. Orender, told the Florida Times-Union.
Hampton Golf negotiated a free ride for the first seven years of the contract, unless the course’s annual revenues exceed $1.2 million. The company operates 15 other golf properties, 11 of them in Florida.