Wichita banker Drayton Alldritt leads group buying Cottonwood Hills Golf Course
03/21/2014 4:11 PM
03/21/2014 4:12 PM
A Wichita banking executive is leading a group of Kansas investors in buying and reopening the closed Cottonwood Hills Golf Course near Hutchinson.
Drayton Alldritt, managing member of newly formed S&S Cottonwood, said he expects the 619-acre course to reopen in the spring of 2015. The group will build a clubhouse and make necessary repairs to the course, which is about 5 miles east of Hutchinson at East Fourth Street and Buhler Road.
Alldritt, a senior client manager with Bank of America Merrill Lynch’s global commercial banking unit, said the course is still in good shape. It was designed by famed golfer Nick Faldo’s company and is platted for 600 homes, but Alldritt said it would wind up accommodating fewer than that.
The group of investors bought the course from Bank of Camden, Tenn., last week, he said.
Alldritt said they are still trying to figure out exactly how to position the course, but he tentatively envisions a public course, perhaps with private memberships and amenities.
“I see us being competitive with Sand Creek (in Newton) and other nice public courses in the area,” he said. “But it’s a work in progress.”
He said that although the course itself is not in bad shape, it will take a fair amount of cleanup.
“I’ve played plenty of worse courses,” he said. “We could tee it up tomorrow, and you’d be impressed.”
The course was opened in 2007 by developer and Hutchinson native Lane Neville. But the operation struggled, and closed in 2009 and went into foreclosure – a victim of too much debt and the implosion of the housing bubble, Alldritt said. No clubhouse or homes were ever built on the property.
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