Fallbrook Golf Course to reopen Friday under new ownership

Fallbrook Golf Course, which was closed by owner Jack Lamberson on Saturday, June 25, will reopen Friday, July 1, under new ownership.

In a series of events on Tuesday, June 28, HGM Golf Enterprises, LLC, entered an agreement to purchase Fallbrook Golf Course, Inc., from Lamberson shortly after D-Day Capital, LLC, bought the note on the 116-acre Gird Valley property from First National Denver bank, Lamberson’s lender.

NOTE: It was originally reported – by Lamberson to HGM’s Harold Vaubel, who then relayed the information to reporters – that real estate investor Michael Schlesinger had bought the note on the property. Beverly Hills attorney Ronald Richards, who owns D-Day Capital, informed the Village News that the initial report on the note was incorrect and that Schlesinger has nothing to do with D-Day Capital, a dept purchasing company.

Harold and Linda Vaubel of Oro Valley, Ariz., are HGM Golf Enterprises. The Vaubels will make the monthly payments on the notes to D-Day Capital. Harold Vaubel said Cary Lee, CEO of Candylgolf Group, will eventually be a partner.

 

Harold Vauble has been in the golf business for 46 years.

“I have PGA Tour experience, KemperSports Management experience, and experience as a golf superintendent at a Top 100 rated golf course in the U.S. – Desert Forest Golf Club in Carefree, Ariz.”

Vaubel said he has 34 years of experience as a golf course superintendent, working at courses in Arizona, Florida and California. That experience will come in handy as he tries to repair Fallbrook Golf Course’s 18-hole layout, which has been largely neglected for several months as a result of Lamberson cutting costs while trying to sell the property.

“My priorities for the golf course are greens, tees, fairways, and roughs,” said Vaubel. “And the main issue on any golf course is irrigation and we are already working on that. Can we, as of today, water the entire golf course? No. Within a month’s time, two to three weeks, our desire is to have it so we can water the entire golf course.”

Golfers can resume play at Fallbrook Golf Course Friday morning as the pro shop and snack bar will open at 7 a.m. Vaubel has yet to determine when the bar and restaurant will reopen, and who will be in charge of operating it.

A story detailing Vaubel’s grand plans for Fallbrook Golf Course, including how much money he plans to invest in the course, will be featured in the print edition of the Village News on Thursday, July 7.

 

14 Responses to "Fallbrook Golf Course to reopen Friday under new ownership"

  1. SaveFallbrookGolfCourse.com   June 30, 2016 at 2:50 pm

    We do so hope this deal closes soon and that a new and engaged owner is in charge of restoring this wonderful golf course! The neighbors look forward to supporting their efforts with rounds of golf and more! For more details, see SaveFallbrookGolfCourse.com!

    Reply
  2. Dan Pender   June 30, 2016 at 3:05 pm

    GREAT News!
    My wife and I had been members there for many years, until it had been run into the ground.

    Looking forward to the new owners taking over.

    We WILL be supporters

    Reply
  3. Steve   June 30, 2016 at 3:08 pm

    It appears that the new owner, Harold Vaubel is the Mortgagor, and Michael Schlesinger is Mortgagee (note holder). Is this same Michael Schlesinger who bought the Escondido Golf Course to develop and build 430 homes. Hopefully, Vaubel does well, for if foreclosure occurs, development would likely not be far behind.

    Reply
  4. Pingback: Media Coverage – Save Fallbrook Golf Course and beautiful Gird Valley

  5. Siobhan   June 30, 2016 at 4:38 pm

    Praise be to God! What good news for our community!

    Reply
  6. SaveFallbrookGolfCourse.com   June 30, 2016 at 8:02 pm

    Yes, First National Denver has recently sold the Notes (the mortgage) on the property to Michael Schlesinger who owns the land that was formerly the Escondido golf course and also owns the StoneRidge Golf Course which currently operating as a golf course. Harold Vaubel, currently managing the Fallbrook Golf Course, is now in the process of buying the corporation that owns the Fallbrook Golf Course, its liquor license and carries the debt. Once the sale is complete, Mr. Vaubel will need to keep current on the mortgage, refinance or pay it off. As for the fears of development, the Escondido golf course is zoned Residential with an allowable density of 700 houses! Fallbrook golf course has operated since the 1960s under special use permits allowing golf and recreational uses. It is zoned Agricultural with an allowable density under the SD County Master Plan of 4, 8 or 16 acres per house. Therefore profitable residential development of the Fallbrook Golf Course property is virtually impossible. For details, see the research done at http://savefallbrookgolfcourse.com/category/mitigation-banking/ The entire community will be stepping forward to support a new owner, to establish a nonprofit to help underwrite juvenile golf programs and other non-profit work. Let us hope this deal is finalized soon!

    Reply
  7. Davies   June 30, 2016 at 9:14 pm

    I’m there, when does the bar open?

    Reply
  8. Pingback: Golf Course History – Save Fallbrook Golf Course and beautiful Gird Valley

  9. Dusty   July 1, 2016 at 9:01 am

    Would be nice if future updates, and the “grand plans”, for the golf course resurrection were also available on the Fallbrook Golf website (and not an ad for “Golf Now Solutions”, as it is currently).

    Reply
  10. Danny Noonan   July 1, 2016 at 9:59 am

    Sounds like 2 guys you don’t want running your golf course.

    Schlesinger now has owned 5 golf courses, 3 of which are already closed (Escondido, Rancho Mirage, Silverstone) and currently attempting to close Stoneridge CC. Will Fallbrook remain open or is this just a purchase of land to develop more homes?

    Vaubel managed/owned Woods Valley and ended up not paying employees for time worked, didn’t pay taxes, but had he’s wife on the payroll even though she didn’t step foot on the property.

    Good luck, you can only hope for the best.

    Reply
  11. ktm88   July 1, 2016 at 1:16 pm

    Wonderful news! Made my day and will definitely support the course and new owner!

    Reply
  12. SaveFallbrookGolfCourse.com   July 6, 2016 at 3:51 pm

    Correction: A Beverly Hills attorney named Ronald Richards (not Michael Schlesinger) bought the Notes from First National Denver.
    Looking forward to enjoying time with friends at the golf course, bar and restaurant!

    Reply
  13. Joe   July 14, 2016 at 7:55 am

    Woke my 90 year old mother up at 7 am , who lives on the golf course, to tell her the water is back on the fairways. She jumped out of bed grabbed her walker and ran to the window. She had the biggest smile on her face. Thank god for small , or large as it be miricales.

    Reply
  14. Dusty   July 18, 2016 at 4:13 pm

    It’s nice to see the watering resume, but I have been told that ownership has still not yet changed. The announced “almost completed” sale never did occur.

    The return of care and maintenance is promising, but without a formal change of ownership I can’t believe the current revitalization will be sustainable for very long.

    Please get the new owner in place, formally, legally, so that we may know this will continue…with Jack still being the owner of record, it feels like the water could get shut off again very quickly.

    Reply

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