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Craig Ranch to host Nationwide Tournament in November, Prices to Jump

By
Real Estate Broker/Owner with Holden Real Estate

The DFW area has not had a major in almost 50 years, but it remains a major player in tournament golf, having staged virtually every kind of event known to man.

Another chapter will be added to the area's vast tournament history with the Nationwide Tour Championship. The season-ending event is Nov. 6-9 at the TPC Craig Ranch in McKinney.  In my mind and research, real estate prices have a great chance to increase.

The Nationwide Tour's final tournament will consist of 60 players make one last push for promotion to the PGA Tour. The top 25 on the final money list earn PGA Tour cards for 2009.  Luckily, it will be here locally in McKinney.  My guess is Mr. Craig will show that CR can handle this then shoot for a larger scale tournament.

A $1 million purse will on the table, with the winner pocketing $180,000. The Golf Channel will broadcast all four rounds, which is huge for the real estate prices here in general.

So the Dallas-Fort Worth area will have three PGA Tour-sanctioned events. The EDS Byron Nelson Championship runs April 24-27 in Irving, followed by the May 22-25 Crowne Plaza Invitational at Colonial in Fort Worth.

The Salesmanship Club of Dallas, which operates the Nelson with its army of volunteers, will handle the Nationwide Tour Championship at Craig Ranch.

Although most Nationwide Tour events are played in medium markets, the Tour was looking to add some large-market venues for exposure and sponsorship opportunities.  DFW is not a bad choice in my mind.  We have many of the Fortune 500 companies and also have a tremendous amount of corporate relos due to the cost of living.

Plans call for a rotation among Dallas, Houston and San Diego. Houston will host the 2009 Nationwide Tour Championship, followed by San Diego and then Dallas again in 2011.

The Salesmanship Club's Youth and Family Centers will benefit from the Tour Championship. And Salesmanship Club officials plan to create a big-time feel for the tournament, hoping to build relationships with future PGA Tour stars, is what they have stated, but we all know that Tiger and other big golfers already own a portion of Craig Ranch golf course.

The TPC Craig Ranch was built to stage tournaments with its challenging course and Tour-quality practice range, and believe me, it is very difficult! Major junior events and PGA Tour Qualifying stages have been held at Craig Ranch, which will be the first Tournament Players Club to host a Nationwide Tour event.

The opportunity to get into Craig Ranch with these prices is phoenominal.  Come to Texas and own a piece of the most promising community known in the state.

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