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New owners promise
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Those who know the Legend Trail Golf Club in north Scottsdale can expect one the better courses in the area to get even better, if the new owners stay true to their word.
The club was sold last week to Scottsdale Golf Group, which will also manage the club for its financial partners, the J.E. Roberts Company of MacLean, Va.
Founder and CEO of Scottsdale Golf Group, Shelby Futch said the upscale public course facility will keep the green fees at their current level - $160 in peak season and $90 in the summer - while upgrading much of the course and its services.
The new school replaces the McLean Golf Academy. Futch also said the club plans to work on the greens over the summer, expand the clubhouse to accommodate a tournament field of 144 golfers, as well as put in new nurseries.
No sale price was announced, but the new owners reportedly got the property for considerably less than the $18 million price tag put up by the original owners, the Ziff Brothers of New York, a year ago.
"We just thought it was a very good golf course," Futch said. "Everything that goes on in buying a golf course, there have to be certain standards. Its net operating income has to fit into the market price. It's not sold on asset value; it's sold on cash flow value."
Still,
it is unlikely many more courses will be built in the area, considering
Arizona water rights issues.
"The water issues in Scottsdale are going to be prohibitive," Futch said. "The number that's floating around to connect, and be able to hook up for water is $7 million for the cap fee. When you start doing the economics, it doesn't make any sense - there probably won't be any more golf courses built up in that direction."
The sale means Troon Golf will no longer completely rule the roost when it comes to Scottsdale golf. Troon began managing the club when it was opened for play in 1995, and still manages Troon North in Scottsdale, whose two courses, the Monument and the Pinnacle, have won too many awards to list, though many golfers say they find it not worth the high greens fees.
Scottsdale Golf owns or manages four other properties in the area, including the Red Mountain Ranch Golf and & Country Club and Painted Mountain Golf Club, both in Mesa, and the Hillcrest Golf Club in Sun West City.
"It's a premier product for anybody, whether it be Troon or anyone that's a developer or operator of golf courses," Futch said. "We certainly consider it to be our crown jewel."
The par-72, 6,872-yard course in the high Sonoran Desert has drawn consistently high marks for its service and playing conditions, as well as its vistas of Pinnacle Peak, the McDowell Mountains, Camelback, Mummy Mountains and the city of Phoenix.
The wide fairways are offset by large, but difficult to read greens. Designed by Rees Jones, Golf Magazine ranked it 88th in 1998 in its "top 100 courses you can play in the U.S."
Any opinions expressed above are those of the writer and do not necessarily represent the views of the management. The information in this story was accurate at the time of publication. All contact information, directions and prices should be confirmed directly with the golf course or resort before making reservations and/or travel plans.

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