The Granite City, Ill., Park District has purchased the Legacy Golf Course in Granite City for $1.7 million from course owners Jim and Bill Engleke.
The course, designed by PGA Tour and Champions Tour star Hale Irwin, opened in 1990.
Park district officials will pay for the purchase and capital improvements to the course through the sale of $2.1 million in “alternate” revenue bonds, a unique financing vehicle used by park districts in Illinois. The bonds will be paid for by property taxes and golf course revenues.