Paris Illinois Golf Course For Sale To Highest Bidder
A golf course in Paris Illinois closed over the winter, but the bank that took possession of it hopes to auction it off to a new owner who will have it open this spring.
The 119-acre Sycamore Hills Country Club is up for sale in an "absolute auction", which means no minimum bid. Aumann Auctions of Nokomis is handling the auction, along with the Moss Auction Team of Paris. Aumann's Kelly Hogue says First Bank and Trust of Paris approached them about selling the golf course last month --- and put the auction together unusually quickly.
"They wanted to immediately find a new owner to have the golf course ready for spring play," Hogue said. "They took the golf course back on a Monday - signing a deed in lieu --- and called us immediately. We met with them on Wednesday, had a contract on Friday. No one in the auction industry has ever heard of a bank moving that quickly."
Sycamore Hills first opened in 1920 --- the restaurant and banquet hall on the grounds opened about four years ago. Bids are being taken on the two facilities both together and separately. Hogue said the current highest bid for the golf course and restaurant combined is at around $150,000.
Hogue said the facility was opened for public inspection on Thursday, and the turnout was impressive.
"We had hundreds of people," Hogue said. "And we rented golf carts. We had people all over the course, and hundreds of people at the clubhouse, looking over the items."
The final day for bidding on the golf course and restaurant is March 29th. Bids are being taken online only, but Hogue said they will be taking bids at the golf course on March 29th. She said the new owner can take possession immediately, even before the sale is closed. While the bank is hoping that Sycamore Hills reopens for golf, Hogue said it is also zoned for residential use.