HVL Golf Course Sale In Negotiations
By Mike Perleberg
(Hidden Valley, Ind.) – The Hidden Valley Golf Course, currently privately owned, may soon be owned by the community in which it is situated.
Hidden Valley Lake Board of Directors President Patricia Hawkins wrote a letter June 26 to property owners association members stating that the board has entered into sale discussions with golf course owner Brad Rupel and his family.
Rupel’s father, developer James Jacob Rupel, founded the private, residential community in eastern Dearborn County.
“Last year, we became aware of speculation that the Rupels were interested in selling the golf course,” Hawkins’ letter read. “We met with Mr. Rupel and asked him to notify the Board if and when he was interested in selling. This Board strongly believes that one of our primary duties is to protect Hidden Valley Lake and to control or influence, as much as possible, the properties that are adjacent to us. The golf course is not only adjacent to us, it is literally bounded on several sides by homes that are part of Hidden Valley Lake. Controlling what happens to this land is of vital importance to us.”
Hawkins says the board is currently analyzing the golf course’s finances, including its income, value of equipment, and business trends. Further due diligence and consultation with additional resources on certain aspects of a possible purchase may also take place in the coming weeks and months.
“We must have this assessment in order to determine what we should offer the Rupels,” said Hawkins.
In a June 27 meeting, other HVL POA board members expressed concern with the association possibly getting involved in the golf course ownership or management business.
Town hall meetings on the POA taking ownership of the golf course could happen in the future, Hawkins said. No meeting dates were announced in the letter.