I have a question:
In June 1910, what was the land that HG Lloyd proposed to buy?
Was it just the land upon which Merion now sits?
Or was it the entire property?
My instinct tells me it was the latter, not the former, but I just don't remember.
In Summer 1910 Merion was looking to buy the land for the golf course, not the entire 300+ acre tract controlled by the development company. Based on Macdonald's suggestion, Merion's Site Committee recommended that Merion purchase nearly 120 acres for their purposes, but the extra 3 acres behind the clubhouse was controlled by the Railroad, not the development company, and so the purchase was to be only for 117 acres.
According to Mike, Macdonald suggested the extra acres simply because he wanted to get the total up to around 120, which is roughly what he thought was necessary for a "somewhat pre-fab" 6000 yard golf course. (Give us a break with the loaded descriptions, Mike.)
But here is the rub. The development company controlled the land west of current course, and Golf House Rd. had not yet been built, so it was basically all just one big chunk of land. Had they simply needed acreage they could easily have gone west to total up to 120 acres! Also, the selection seems a bit odd because clubhouse separated some of the land Macdonald recommended from the rest of the land for the course. (According to old reports, golfers had to walk around or through the clubhouse (stopping for a drink on the way) to get from the 13th green to the 14th tee. )
So it seems like when Macdonald suggested that particular land, he must have had something else in mind than just adding acres. Whether he just liked the features or saw golf holes is debatable, but it is easy to imagine him noticing the greensite that became the green for the short 13th.
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I really do not want to debate Merion here again. But since this is a thread about what Macdonald could have done while on site, I am very curious as to why he might have suggested to Merion that they add the land (just short of 3 acres) behind the clubhouse. I well know what Mike and TEPaul think, but I was hoping to hear from a few others, preferably those who have done this sort of thing.
Tom D., any ideas what he might have been thinking when he suggested that particular land? Anyone else?
Thanks.
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WARNING: The stuff below this line is pretty tangential to what this thread is about, but I thought Shivas might like some clarification on some of the messed up land transaction stuff. I wouldn't recommend continuing.
Dave, I noticed you asked what land Lloyd had proposed buying. I think at this point (and ultimately,) Merion was the potential buyer, not Lloyd. The transaction ended up being pretty complicated by the time it actually got done. I haven't gone back to look at my limited documents, but off the top of my head, Merion was to buy the land from the development company (via a corp set up for this purpose.) Lloyd and other members could buy newly issued stock in the development company, close to 1/2 the total equity. (I suspect the developers needed the $ to exercise options and develop the land.) There were reportedly some financial difficulties, and what ultimately happened was that the deed on some of the land controlled by the development company close to 1/2 I think) went to Lloyd. Then after some months the 117 acres of golf course land went to Merion (via the dummy corp.) for the golf course.
I know TEPaul has been fond of stating that Lloyd swooped in and bought everything, but I suspect that this is a bit misleading. Lloyd did end up holding the deed on a large chunk of the land for a matter of some months, but I suspect that he was essentially bridging the deal (maybe for both sides while the parties scrambled to raise money and/or exercise options) until everyone was ready to fulfill their various obligations to each other. If we ever see the documents I think we'll find that Lloyd was holding the deed as collateral or security or escrow, or some such term you transactional attorneys make up.