Lindsey Looks to Buy Benton's Longhills Golf Course

by Arkansas Business Staff  on Monday, Sep. 19, 2011 12:00 am  

Fayetteville-based Lindsey Management Co. Inc., owned by developer Jim Lindsey, is poised to expand its thriving golf course operation with a notable acquisition of an established course in central Arkansas.

Lindsey has a contract pending on Longhills Golf Course in Benton.

The club's golf professional (Jeff Hamm) and superintendent (Bud Busken) have owned the 170-acre course since 1981 and have sought a buyer since 2009. The course opened in 1955 with nine holes and expanded to 18 five years later.

Lindsey spokesman Hugh Jarratt said the company was putting together its development plans to submit to the city of Benton.

The course appraised earlier this year for $2.5 million. Terms of the Lindsey offer were not disclosed.

Plans include the construction of apartment buildings along the golf course, primarily along the course's front nine and main entrance.

Longhills Village, a planned residential community of 200 upscale homes and condominiums, was built in the late 1990s on property adjoining the course's back nine, and Jarratt said there wouldn't be much activity there.

The course will be closed for nine to 10 months once construction begins, which the company hopes will be next year, and ways to accommodate Longhills members during that time are being discussed.

Lindsey also owns Hurricane Golf & Country Club in nearby Bryant.

Longhills will remain an 18-hole course - with some redesign and upgrades - and Jarratt said Lindsey had every intention of using the word "Longhills" in the name of the development.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?