Who would pay $41 million for a pair of strip malls in Augusta, Georgia? The answer is Augusta National Golf Club, home of The Masters
AUGUSTA, Ga.—More than half a century after it opened, the Lakemont Presbyterian Church last year was eyeing a move. But all it had to sell was an outdated building on 1.7 acres bordering a sea of empty lots.
Needing cash for a new facility, the church appealed to a higher power: Augusta National Golf Club, the nearby host of this week’s Masters tournament. Within months, they had a deal. Just before Christmas, the club bought the church for $1.65 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia and UAE give $200 million to Yemen for RamadanSaudi Arabia and the United Arab Emirates will disburse $200 million in aid to Y...
Read more »
Golf: Fleetwood attack ready to rock Augusta NationalTommy Fleetwood may already be one of golf's most recognizable players but ...
Read more »
One house is still parked next to Augusta National despite club's attempts to buy itThe Thackers' home is next to Augusta, the golf club having spent a reported $40 million to buy up their old neighborhood to create more Masters parking. Their house is the sole survivor.
Read more »
Women and kids take over Augusta National ahead of MastersA day after Augusta National crowned a first women's champion it was Kid&0...
Read more »
Augusta National presents unique challenges for Masters photographersAmong the many unique elements of the Masters is that photographers and other media members do not have inside-the-ropes access at Augusta National.
Read more »
Golfers break gender barrier at the Augusta National Women's Amateur ChampionshipThe competition marks the first time women have ever competed at Augusta, the traditional site of the Masters' tournament.
Read more »
Kupcho makes history as first woman to win at AugustaJennifer Kupcho struck a blow for gender equality and entered golf history books...
Read more »
Golf: Kupcho makes history as first woman to win at AugustaJennifer Kupcho struck a blow for gender equality and entered golf history books...
Read more »