An exclusive, expensive equity club called Boot Ranch is being planned near Fredericksburg, and the person planning it is Hal Sutton.
Sutton, a Louisiana native, owns a ranch near Junction, so he'll be on familiar ground, in one sense, in Fredericksburg. The club is planned outside of town, just off FM 965. The plan, according to the San Antonio Express-News, calls for between 60-70 homes on sites starting at 3 acres. The acreage is expected to cost more than $300,000 for three acres, while finished homes are expected to go for $750,000 and up.
The golf club itself will be an equity club, meaning its members will own it. Membership is expected to start at $150,000, with monthly dues expected to start at $1,000. What Sutton is building is a club less for full-time residents than for professional golf club joiners - those filthy rich people who join clubs for the status, but visit rarely. If you've got the money, do with it what you want, I suppose.
The project is behind schedule and has run into some funding issues because of a dispute taking place between the state of Louisiana and one of the project's investors, the Municipal Police Officers Retirement Association.
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