Since we posted this article initially, we have learned that the W I D E Open scheduled for Thursday March 10 has been postponed to Friday, March 11 because of heavy rains in North Carolina.  Those registrants who will not be able to play on Friday may free up some space for golfers in the central North Carolina area who might want to participate.  Contact information is at the end of the article. 

 

        Pine Needles Golf Club in Southern Pines, NC, is a classic Donald Ross layout but a golf event there this Thursday will literally stretch one time-honored measurement of golf.  The Pine Needles W I D E Open, sponsored by Golf Digest, will feature golf holes 15 inches in diameter, about three times larger than the normal hole and almost as large as a basketball hoop.  For those who obsess over the number of putts they take each round, this could be their day to remember.

        The event's geneology traces back to Taylor Made CEO Mark King who suggested publicly that one way to encourage new golfers was to enlarge the hole.  Golf Digest editor Jerry Tarde found the idea intriguing and organized this first W I D E Open to gauge the impressions of professional and amateur golfers alike.

        There may be a few openings left for the event on Thursday.  Cost is $100 per person and includes lunch, a fair price for a wonderful golf course I visited just a week ago.  The greens were in splendid condition.

        Contact Pine Needles at 910-692-8611 if you are interested.

PineNeedles13green

The greens at Pine Needles are so tough to hit and hold that some players may see more birdies from chip-ins to the larger holes than from putts.  (Par 3 13th green shown)

        No one developer has done more to make buyers nervous about purchasing a golf community home today than has Bobby Ginn, whose genius was at tapping into the hopes, dreams and egos of wealthy and wannabe wealthy clients.  Of course, we now know how dreams turn into nightmares as former Ginn clients are suing the developer in the hopes of recouping millions of dollars. 

        Whether the collapse of his empire, which included lush

"It's complicated," Ginn said in 2008 about his financing arrangements.

properties like Tesoro, Quail West, and Bella Collina in Florida, Ginn sur Mer in the Bahamas, and Laurelmor and Cobblestone Park in the Carolinas was willful or just stupid is something courtrooms in the south will sort out as trustees for aggrieved Ginn property owners go after the developer and his financial backers.  Readers of this site will recall that Ginn et al defaulted on a more than $600 million Credit Suisse loan that, some lawsuits allege, was used for purposes unrelated to the provisions of the loan.

        With thanks to Toby Tobin, the Florida real estate blogger who has followed the Ginn saga more closely than anyone without a financial interest in the proceedings, I just watched a video of Ginn from August 2008 in which the developer addressed rumors about his organization’s financial problems, specifically as they related to his Ginn sur Mer project in the Bahamas.  In it, Ginn admits it would take hours to explain the financing for the property.  “It’s complicated,” he admits, with disarming understatement.

        Those unfortunate folks who were taken in by Ginn’s lavish up-front expenditures, like the $32 million Tuscan-style clubhouse at Bella Collina which I visited in February and write about in the March issue of Home On The Course, will no doubt feel a chill as they watch and listen as Ginn says, with an unflinching air of sincerity, “We never want to say something we can’t back up, and we never want to sell someone something we can’t back up.  We’re out of business if we ever do that.”

        Honestly, he said that.

 

You can watch the Ginn video from 2008 here.  You can read Toby Tobin’s latest piece on Ginn here.  You can subscribe to our free Home On The Course newsletter by subscribing at the top of the page.