Augusta National Buys More Real Estate

Michael Buteau of Bloomberg reports that Augusta National Golf Club purchased The Greens on Washington Road for $8.3 million in 2012 and is razing the apartment complex to build a parking lot.

The land totaled 9.3 acres and sits east of the club's Par 3 Course, extending the club's interest in that direction and increasing speculation, says Buteau, that the club wants to expand player and dignitary housing during Masters week.

A Google aerial showing where the property sits in relation to the club:

Update on Wednesday, November 27, 2013 at 08:03 AM by Geoff

**A July 8, 2012 Steve Crawford story had Augusta National member Robert Johnston buying The Greens for $8.3 million in a deal separate from the club.

Comments

[tlavin]

Take paradise. Put up a parking lot. Oops that was a dump of an apt complex! Sorry, Joni Mitchell, this is progress.

[Morad Lad]

Maybe they are building palatial housing for the wonderful Aussie Fanatics, who I hope will make their first trip to ANGC next April !

[tlavin]

That would be awesome.

[ol Harv]

The Aussie Fanatics will not be allowed to do their thing at ANGC.

[Billy Payne]

"We do not allow any type of group behavior like that at our tooniment." BP

[johnnnycz]

@Morad: And Augusta will build a Chocolate and Vegemite gazebo for the Fanatics to live in...LOL...grow up Morad.

They'll have a hard time even getting through the front gates...providing they can even get their hands on the most prized ticket in sports. Perhaps a practice round.