HUTCHINSON, Kan. — While there has been some interest according to a realtor offering the property, Cottonwood Hills remains up for sale.
The golf course, which has been closed since October, is still in the ownership of Apex Bank of Tennessee. The bank has been in ownership of the course off and on for several years after buying it in foreclosure. Park Partners of Wichita suspended operations of the course in October stating that the lack of ownership commitment was a major reason to cease operations.
It was the third time Cottonwood Hills had closed due to financial issues. The Nick Faldo designed course opened in 2006 but closed soon after when developer Lane Neville could not find investors to fund the housing portion of the development.
The course was then purchased by Drayton Alldritt of Wichita and with a herculean effort the course was opened and brought back to playable conditions after it was idle for three years.
But the course quickly became the subject of much speculation as to its future when it was only open during the warmer months. Alldritt put the course up for sale. When there were no suitable offers Aldritt took the listing down. The course eventually went back to the Tennessee bank. Park Partners had been operating the course for the bank since then.
The bank has listed the course again with an asking price of $2,490,000. Realtor Mark Faulkenberry of Emersons Commercial Real Estate could not comment on the course other than to say there has been some interest.