A Fargo businessman has come to the rescue of Windsong Farm Golf Club, the high-end private course that fell on hard times last year and was headed back to the bank.
David Meyer, founder and CEO of Titan Machinery Inc., a billion-dollar farm and construction equipment dealer based in Fargo, has bought the club from its member-owners. Meyer said he couldn't discuss the terms of the deal, which closed Tuesday.
Meyer said the club in Independence in western Hennepin County will remain an exclusive private club and keep its members, and stay true to its original spirit as a course for golf traditionalists.
Members, who expressed enthusiasm for the deal, said there's talk about recruiting more national members and possibly turning a large horse barn on the site into some sort of living quarters.
"It's a wonderful mulligan," club member Mark Lewis said of the deal.
A former horse farm, the course was partly designed by PGA pro and Minnesota native Tom Lehman and opened in 2003 with plans to become a destination, championship course.
But the timing for a club with high fees was lousy as the economy soon crashed and the bank, Commerce Bank in Geneva, Minn., found itself under pressure. The bank never started foreclosure proceedings but was in the process of taking over management.
A member of the club said its bank loan was for $4.2 million. The bank declined to comment.