Sale of ACC
Posted on Jun 9th, 2009
NOTICE TO ALL RESIDENTS ON OR AROUND - ATASCOCITA COUNTRY CLUB - YOUR PROPERTY VALUE MAY PLUMMET!
A community meeting to discuss our current circumstances will be held at Atascocita Country Club on June 18th at 6:30 pm. If you think this situation does not affect you, think again! In this time of economic recession, your property values will be plunging even more. Keep reading to see what you can do to protect your own assets.
The Atascocita Country Club and surrounding property have been sold to a group of developers. The developers are currently operating the course on a short term basis while longer term options are explored, and do not plan to fund operations longer than 6 months. Currently, they are exploring selling the golf course to a member group, or perhaps closing it all together.
A concerned group of individuals, along with officers of the Atascocita Community Improvement Association (ACIA) also known as the Home Owners Association (HOA), are working towards a solution to protect your property values. This solution would involve a group of members purchasing the club from the developers. However, the daily operation of the club is not feasible without a commitment from the community.
If you are interested in protecting YOUR property value and preventing unwanted development, attend the meeting on June 18th to learn more about a community/member owned Atascocita Country Club. Having a Country Club in our neighborhood helps all of our property values whether you play golf or not.
Johnson-Loggins, the original developer of the Atascocita community and country club, created deed restrictions that ensured the land is used for nothing other than a golf course. However, those restrictions have expired and no longer protect the golf course property against redevelopment. With this intended member group purchase of the club, and your necessary community support, new restrictions could be put in place to again protect the golf course property against redevelopment.
When you look down existing fairways and see lush grass and beautiful trees replaced with streets and buildings, it will be too late to do anything. You could end up with a commercial business next door to you. Without the afore mentioned restrictions, there are no limits as to what construction could pop up in our own neighborhood. Many companies already have their eye on the course property, including a water park. Join us now to protect our neighborhood and property values.
To see what happens to residents who took a “wait-and-see” attitude, check into what has happened to the Inwood Forest neighborhood on the northwest side of Houston. Their property values plunged more than 30% after the closing of their club in 2007. The once beautiful golf community is now dealing with serious issues including apartment/condos, low-income housing, and graffiti removal in their own neighborhood. According to http://houston.housealmanac.com, all property values in this neighborhood have dropped dramatically from 2007-2009. If we take no action, the same thing can happen here in Atascocita.
Your vote is important! Please tell your neighbors and friends to be at the Atascocita Country Club on June 18th at 6:30 pm.