By David Droschak So how has John McConnell systemically assembled a successful private golf course portfolio across four Southeastern states while many in the industry scoffed at his notion of a “regional golf network?” Already with more than a dozen top-notch layouts designed by the likes of Dye, Fazio, Palmer, Norman and Ross, McConnell has…
By David Droschak John McConnell has spent upwards of $100 million over the years compiling one of the nation’s most impressive private club portfolios. A good portion of that cash has been spent on the company’s anchor facility – Raleigh Country Club – from its $7 million rescue from bankruptcy in 2003 to a bunker…
By David Droschak Predicting real estate growth is far from an exact science. With the Research Triangle Park situated virtually equal distance from Durham and Raleigh, who knew more than 25 years ago that Wake County would become the king of bedroom communities and that its counterpart to the west would be playing catch-up ever…
By DAVID DROSCHAK All of John McConnell’s previous private club purchases across the Carolinas came as “financial saves,” but Brook Valley Country Club in Greenville added a different twist to that equation. The late Carlton Taylor was an original Brook Valley investor who McConnell knew from working together at Burroughs Corp. Taylor (who died in 2010) bought the club…
By DAVID DROSCHAK In baseball vernacular John McConnell would be a combination of star relievers Mariano Rivera, Goose Gossage and Dennis Eckersley. The Raleigh golf executive has been fast and aggressive — seemingly coming out of the left field bullpen at times – to compile an impressive portfolio of private golf course “saves” across North…
McConnell Golf, LLC has announced the purchase of its seventh premier golf club in the Carolinas, Sedgefield Country Club in Greensboro, N.C., a renowned Donald Ross design and site of PGA TOUR’s Wyndham Championship. Sedgefield CC’s membership debated the possible sale throughout most of 2010, and after considering all options decided that the sale to…