Gleneagles Golf Course to continue negotiating lease with SF through August 

click to enlarge The operator of Gleneagles Golf Course and the Recreation and Park Department have agreed to extend the existing lease until Aug. 31 while negotiations for a new one continue. - NATHANIEL Y. DOWNES/S.F. EXAMINER FILE PHOTO
  • Nathaniel Y. Downes/s.f. examiner file photo
  • The operator of Gleneagles Golf Course and the Recreation and Park Department have agreed to extend the existing lease until Aug. 31 while negotiations for a new one continue.

Gleneagles Golf Course received a mulligan in its quest to remain open, at least for another month.

With the golf course's lease expiration a day away, the Recreation and Park Department on Wednesday announced that it and the course operator agreed to extend the existing lease to Aug. 31 while negotiations for a new one continue.

Thus, Gleneagles will remain open during negotiations, according to a statement from Rec and Park.

General partner Tom Hsieh and Rec and Park have been negotiating a new lease since his nine-year agreement expired Nov. 30. Per that lease, Hsieh assumed all maintenance responsibilities and paid about 7 percent of the course's revenue, between $35,000 and $40,000 annually, in rent to The City.

Hsieh, who has been operating the course on a month-to-month basis since then, has said he wants a lease similar to the terms of the other five public golf courses owned by San Francisco. The City has in turn proposed "significant economic improvements" to the lease.

On July 1, however, Hsieh gave his 30-day notice to vacate the course after he was notified by the San Francisco Public Utilities Commission that his water rate was going to increase by more than 40 percent.

About The Author

Laura Dudnick

Bio:
Laura Dudnick, a Bay Area native, covers education and planning for The San Francisco Examiner. She previously worked as a senior local editor for Patch.com, and as the San Mateo County bureau reporter and weekend editor for Bay City News Service.
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Sunday, Dec 4, 2016

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