Nov 25, 2014

Not so prime real estate: Closing a golf course brings tax penalties, angry homeowners

Thirty years ago, Robert “Doc” Graves glanced confidently at the white ball by his feet. Whack! The ball flew more than 300 yards, landing neatly on the green. Graves had four eagles that day and he set the course record at the Ahwatukee Lakes Golf Course in Phoenix. Forty-nine strokes, 11 under par. Today it’s a trashy, weedy wasteland, the victim of demographic shifts, climate change and [...]