HomeMy WebLinkAbout6B3SourNR
Department of
Community Investment
1865
Memorandum
June 26, 2014
TO: Redevelopment Commission
FROM: Brock Zeeb, Director of Economic Resources
SUBJECT: Blackthorn Golf Course appraised value
On April 24, 2014, the Commission approved to have two appraisers value the
Blackthorn Golf Course and improvements. Those two appraisers were Hughes &
Company and Valbridge Property Advisers, both well known, national golf course
appraisal companies.
The appraisals have been received, and as an update, the values arrived at are:
• Valbridge - $1,560,000
• Hughes- $1,750,000
Taking these two values into consideration, the average appraised value is $1,655,000.
The Department of Community Investment will continue to weigh options for the course,
and will report back to the Commission when options arise.
221 W. JEFh EHSON BLVD. SOUTH BEND, IN 46601 1 P: 574235 -9371 I FAX: 574 - 235 -9021 1 SOUTHBENDIN.GOV