On October 1, 1999, a joint venture of Dallas-based ClubCorp and Golden Bear International, Inc. of North Palm Beach, Florida announced the acquisition of Laurel Springs Golf Club.
"Laurel Springs complements the clubs that we have in the Atlanta area," said Dave Richey, Senior Vice President of Development of ClubCorp, the world's largest owner and operator of private clubs and golf resorts.
The first club under this joint venture is the Nicklaus Golf Club at BirchRiver. ClubCorp and Golden Bear International was formed in July 1998 to build, own and operate Jack Nicklaus Signature Golf Courses worldwide. Golden Bear International, a privately owned company controlled by the Nicklaus family, is involved in various golf-related businesses, including golf course design and residential and golf course community development.
Laurel Springs Golf Course was purchased from Terrabrook, one of the largest developers of mixed-use communities in North America. Terrabrook will continue to own and develop the 630-acre gated community surrounding the club. Priced from $300,000 to $1,000,000, approximately 750 homes are expected to be built in Laurel Springs by 2002.
Through ClubCorp's "Associate Club" program, our Laurel Springs Members have privileges at many outstanding private clubs and golf resorts.
