Out-of-State Group Buys Victoria National

Posted: Updated:
(Image courtesy of Victoria National) (Image courtesy of Victoria National)
NEWBURGH -

One of the highest-profile golf courses in the state has a new owner. Victoria National Golf Club in Newburgh has been sold to Nebraska-based Dormie Network by the Victoria Partners Team, which acquired the course from its original owners in 2010. Tom Fazio designed the course and it opened in 1998.

Dormie Network's Zach Peed says "Victoria National simply couldn't be a more perfect fit. It's an absolutely exceptional course with premium amenities, and it's secluded from roadways and residential housing. It's exactly the caliber of club Dormie Network members are looking for." The group now owns five courses throughout the country, including Dormie Club in North Carolina, Ballyhack Golf Club in Virginia, ArborLinks in Nebraska and Briggs Ranch Golf Club in San Antonio. "It's not just about growing Dormie Network," Peed added in a news release, "it's about reinvesting in course conditions and amenities in ways that add value to the pure golf experience for our members and their guests."

The new owners say maintenance equipment and golf carts will be upgraded immediately and long-term plans include upgrading green condition management technology and "several capital improvement projects." The price of the acquisition was not disclosed.

Victoria National covers more than 400-acres on land that includes reclaimed coal mines. The Victoria National website says its golfing membership totals 170 and 100 are social members. In late 2016, developers announced a $55 million residential community planned near the course that received $2 million from the state's Regional Cities Initiative. You can connect to more about the Dormie Network acquisition by clicking here.

  • Perspectives

    • Using The Police as a Viable Resource

      Your local law enforcement agency exists to safeguard the community, and that includes your organization's facilities. To protect your places and people effectively, officers need you to play an active role. First, the police want you to call if something isn’t right. There’s a common misconception that officers will be angry if a call they receive turns out to be unfounded, or that they’ll make light of the situation or caller. The reality is that police...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Chamber Unveils 'Best Places to Work'

      The Indiana Chamber of Commerce has released its list of the Best Places to Work in Indiana. This year's list features 125 companies throughout the state, including more than 40 that were not on the list last year. The chamber will unveil company rankings April 30 at an awards dinner at the Indiana Convention Center in downtown Indianapolis. Winners are sorted into four categories based on size. Out-of-state parent companies must have at least 15 full-time employees in Indiana to...

    • Public, Private Investment Driving Speedway Growth

      Speedway leaders say the town is full speed ahead with millions of dollars in public and private projects that will help change the landscape of the Marion County community. At the heart of them all, says Town Manager Jacob Blasdel, is the new Town Hall in an old PNC Bank building that will house all of Speedway's town offices. Also in the works are a recently-announced $8 million mixed-use proposal on Main Street from Rebar Development, the soon-to-open $36 million Wilshaw...

    • Indiana Rural School Clinic Network Expands to Pekin

      East Washington School Corp. has announced that East Washington Elementary School is now a participant in the Indiana Rural School Clinic Network. Supported by Ascension/St. Vincent Salem, the school now has a telehealth clinic available to its students and staff. 

    • The bill now moves to the Senate Appropriations Committee.

      Soccer Stadium Funding Added to CIB Bill

      The Indiana Senate Appropriations Committee has approved a bill that includes funding for a new soccer stadium in Indianapolis, however the stadium may not necessarily become home to the Indy Eleven. Our partners at WIBC report the bill authorizes financing for a stadium to host a Major League Soccer team; the Indy Eleven play in the United Soccer League. The bill also fund the expansion of the Indiana Convention Center and two hotels in downtown Indy, as well as extend the...

    • Kite FFO Dips, Plans to Sell Off Properties

      Indianapolis-based Kite Realty Group Trust (NYSE: KRG) is reporting full-year Funds from Operations of $167 million in 2018, down from $171 million the previous year. The company has also announced plans to offload up to $500 million in assets in an effort to reduce its debt.