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Woodlake G.C. in San Antonio acquired for less than $1M

Jack Crittenden
By Jack Crittenden

 

After long, drawn-out flirtations with bankruptcy, foreclosure and a public auction, the deeply troubled Woodlake Golf Club has found a new owner.

Anonymous investors operating as Woodlake Acquisition LLC have taken possession of the 186-acre property in San Antonio, Texas, reportedly by agreeing to purchase a lien held by the local water authority. The price: $939,130.

The club, once one of the area’s top golf properties, features a Desmond Muirhead-designed course that opened in 1972. A spokesman for the new owners told the San Antonio Express-News that long-overdue course improvements are on the horizon, and perhaps residential development on adjacent property as well.

Jack Crittenden
Jack Crittenden
Jack Crittenden is an award-winning journalist with more than 35 years of news experience. He has run Golf Inc. magazine since 1998, serving as Editor-in-Chief for most of that time. Crittenden is CEO of Crittenden Research, a media company in the law, real estate and medical liability insurance industries. He grew up in California and graduated from the University of Southern California with a degree in public administration, specializing in urban planning. He graduated from American University’s Washington College of Law. He has run his company since 1991.

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