Opinion
On July 14 Advance Golf Partners Two LLC terminated its 20-year lease agreement with OVA just months into the lease. In response, OVA announced that it would quickly negotiate a new long-term lease with CourseCo or Billy Casper Golf. To use the framework advanced by Roger Fisher and William Ury in their popular book Getting to…
At the July 21 online board meeting VP Tom Kendrick presented the details of the golf course purchase and some of the current and ongoing expenses related to maintenance and capital improvements of the newly owned facilities. A previous article in the Oakmont Observer had presented most of these details as were currently available at…
An Oakmont resident asked a great question: “What can the average Oakmont resident expect in terms of added (increased) costs in the new scenario including the cost of litigation.“ The question does not have a simple answer; but, if the OVA membership wants change, the membership must understand that they need to be involved in…
Ironically, the exit of AGP provides an enormously valuable, unanticipated opportunity because there is no longer a binding 20 year obligation to fulfill. The Board should take full advantage of that opportunity!
Advance Golf Partners (AGP) informed the OVA Board and management that they are terminating the lease agreement signed in February. In other words, according to the language in the agreement, they defaulted on the lease agreement. They take this action just five months after the agreement was signed. Prior to signing, the agreement had to…
This is not the proverbial good news, bad news story. There is no good news here. This is dreadful news. By buying-in entirely to the vision sold by AGP – a vision of being able to continue to operate two golf courses and a restaurant (maybe two) with such a significant revenue increase from the…
