Augusta National’s Most Expensive Real Estate Purchase To Date
- Details
- Category: Inside Golf
- Published: 2020-06-10
By COLIN McDONALD, Golf News Hub
Thanks to COVID-19, major season will culminate this fall with a November Masters. In the meantime, the wheels keep turning in Augusta and tournament organizers appear to have something unique up their green-jacketed sleeves: for a cool $26 Million, ANGC has reportedly purchased the National Hills shopping center across the street, making it the club’s most expensive real estate purchase to date. With the 15-acre property now in their portfolio, the tournament will use the space for… well, we don’t really know just yet.
There have been rumors in the past that AGNC intends to build their own exit off the nearby highway and this recent purchase brings their total spend over the past three years to roughly $70 million. Is Augusta positioning themselves to build a golf utopia that extends beyond course property lines? Could we see something of a Disneyland resort for golf fans?