KEDCo Completes Acquisition of Golf Course
Stonehenge Golf course in the Town of Winona Lake. (photo courtesy: Stonehenge.golf)
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Kosciusko Economic Development Corp. has completed its year-long effort to acquire and relaunch the Stonehenge Golf Course in the Town of Winona Lake.
KEDCo says the area near Stonehenge is prime for future commercial and residential development.
“We realize the importance of preparing for future population growth by offering amenities that add to the quality of life in our community,” said Town Council President Rick Swaim.
KEDCo formed the Kosciusko Community Development Corp., a separate not-for-profit entity that, KEDCo says, can facilitate public-private partnerships for projects like this one.
“This has been an exciting quality of place project for us to be involved with and a great opportunity to establish our new focus on similar projects throughout Kosciusko County,’” said KEDCo Chief Executive Officer Alan Tio, “Relaunch of Stonehenge Golf Club has brought together a fantastic team of local leaders who have all contributed greatly to the project moving forward.”
The Winona Lake Town Council also established a revolving loan fund to support acquisition of the Stonehenge Golf Course real estate.
KCDC has entered into a lease with 28FIFTY Management LLC to operate the golf course. The company is led by area golf professional Denny Hepler.
Last year, Hepler sold Raccoon Run Golf Course, which is also in Kosciusko county, to developers who wanted to build a new housing subdivision.
Developers plan to build about 130 homes and villas on the former golf course. Free from his responsibilities with Raccoon Run, Hepler agreed to help oversee Stonehenge.
“We look forward to continuing the tradition of Stonehenge Golf Club as one of the premier golf courses in the state of Indiana,” said Hepler, “The response so far has been overwhelming and we are on track to meet or exceed our goals for the operation.”
KEDCo says 28FIFTY is already investing in improvements such as golf simulators for year-round lessons and league play.