Four Mile Ranch News, Canon City Co 81212

Canon City Golf Course Sold

fourmilenews — Tue, 01 Jun 2010 20:43:32 +0000

By Margaret Jackson

In a deal brokered by Edge Golf Group, the property sold in an online auction for 55 percent below its June 2009 appraised value of $1.66 million.

Holt plans to maintain the property as a golf course. Shadow Hills consists of about 197 acres in the southwestern portion of Canon City. The 18-hole course was designed by Keith Foster.

Why is the Driving Range Brown?

fourmilenews — Tue, 01 Jun 2010 20:33:17 +0000

Well, in a recent interview about the Four Mile Ranch Golf Course, Designer Jim Engh explained it his way. After you read the interview, read on and get the real story of how the developer Ross Jeffery tried pulling a fast one and got caught with his pants down.

To demonstrate what the next wave of course design might look like, Engh shows visitors around the Four Mile Ranch Golf Club in Canon City, Colo. Completed in 2008 on a design and construction budget of $3.2 million, the 7,053-yard, par-72 public layout is anything but scruffy. Routed through desert foothills, Four Mile Ranch is as green and lush as any Palm Springs resort course. On the practice range, however, golfers smack their warm-up balls from manicured grass to a target field of rocks and gravel that’s covered with desert scrub. (“A grass driving range,” Engh explains, “is seven to 10 acres that you have to irrigate. That’s about 20 percent of your total turf acreage.”) In another cost-cutting measure, Engh designed his course with no bunkers, figuring rightly that boulders, pinon groves and arroyos would provide more than enough visual stimulation and strategic hazard for anyone.

AND NOW THE REAL STORY
Canon City Real Estate Developer bought 2 large parcels of land in a neighboring sub division with the intent on building his driving range there. He did build the driving range on that land, however, that land was not in city limits, it was in the county. He was not allowed to water the county grass with his city water. Hence why you have a dirt driving range.

Four Mile Ranch Golf Course Deficit Growing

fourmilenews — Thu, 21 Jan 2010 16:46:00 +0000

How long can the Four Mile Ranch subsidy continue? With rates for golf dropping to $20 for 18 holes, one has to wonder how long until the Four Mile investors cut bait and run. Doing some basic math, a little research on golf course operations and it is easy to determine that the Four Mile Ranch Golf Course is running close to $500,000 in the RED.

Golf Course Closures in the news
http://www.waggleroom.com/2008/10/27/647582/us-golf-course-closures-co

http://www.cybergolf.com/golf_news/golf_course_closures_outpace_openings

http://www.travelgolf.com/blogs/tim.mcdonald/2005/12/23/grand_strand_golf_course_closures_gettin

Four Mile Ranch Search Terms, Update

fourmilenews — Thu, 21 Jan 2010 16:01:56 +0000

Who is searching who? Below are the Four Mile News stats on what the top search terms have been for the last 30 days. It looks like Kevin Quinn is just as popular as the Four Mile Ranch development.

mile ranch canon city	35
fourmileranch	34
kevin quinn cottage capital	26
kevin quinn golf	22
dakota hot springs in canon city, co	17
four mile ranch	17
fourmileranch.com	14
four mile ranch news	14
canon city daily record	13
the water guy canon city	12
four mile ranch news/ross jeffery	11
cottage capital	11
thomas bruderman	11
cottage capital kevin quinn	11
four mile ranch golf club	10
dawson ranch home problems canon city co	9
kevin quinn jeffries	9
ross jeffery colorado	9
danny tezak	7
kevin quinn sec	7
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kevin quinn of boston, ma	7
canon city post office route changes	6
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kevin quinn boston	6
tanessa white	6
aristedes w. zavaras	6
jennifer harriman	6
prison build permit canon city co	5
mike tezak in canon city colorado	5
colorado department of corrections canon	5
latest news four mile ranch	5
cottage capital boston	5
www.fourmileranch.com	5
four mile ranch, canon city, co	5
four mile ranch kevin quinn	5
jane magpiong	5
“cottage capital”	5
tezak drive canon city, colorado	5
four mile ranch problems	5
kevin quinn cottage capital fund	5
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kevin quinn jeffries cottage capital	4
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canoncitydailyrecord august 26 sales tax	4
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bill and danny tezak canon city	4
ross jeffery	4
water pressure canon city co	4

Tax Lein Sale at Four Mile Ranch

fourmilenews — Wed, 21 Oct 2009 16:59:07 +0000

Four Mile News has obtained a copy of the Fremont County Colorado Tax Lein Auction list. It shows that the entire development is listed on the list. With the state of current sales at Four Mile Ranch being non-existent, it looks like a savvy investor may be able to buy these tax certificates and secure a %10 return on their money, and quite possibly could own the property outright in 3 years for pennies on the dollar if the bill goes unpaid. Follow this link for a list of the properties affected.

http://www.fremontco.com/treasurer/taxleinsale.pdf

When Times are Tuff, Get your BBQ out of the Trash

fourmilenews — Mon, 15 Jun 2009 19:54:26 +0000

A source close to the community has told Four Mile Ranch News a funny little story about a BBQ Grill. Apparently, times are tuff these days at Four Mile Ranch as the staff that operates the Four Mile Ranch Golf Course have been dumpster diving, looking for items of use in the kitchen at the Four Mile Ranch Golf Course. Our source reports that the staff at Four Mile got a scolding email from one resident who had a BBQ Grill removed from his trash, then taken to the Four Mile Ranch Golf Course for food preparation and cooking. The source also said, that the email to the staff urged caution in the use of the grill as the staff members who took it had no idea if there may have been a chemical spill in the grill causing possible contamination.

Sounds like you may want to consider taking a box lunch to the links next time you play Four Mile Ranch Golf Course in Canon City, Colorado 81212.

New Four Mile Ranch Housing Values Update

fourmilenews — Mon, 15 Jun 2009 19:40:32 +0000

The troubles at Four Mile Ranch continue as recent foreclosure sales have caused housing prices to drop dramatically.

3528 Rio Bravo Drive
3/31/2006 Sales Price $285,848
4/20/2009 Sales Price $172,000
= 40% decline in value in 3 years

3520 Rio Bravo Drive
3/31/2006 Sales Price $257,230
4/20/2009 Sales Price $173,000
= 33% decline in value in 3 years

Were the properties over priced in the first place, were property values over inflated by the developer in an attempt to increase profits?

What are your thoughts?

Housing Sales Plummet in Canon City

fourmilenews — Fri, 08 May 2009 14:08:16 +0000

Sales of existing houses in the Royal Gorge/Canon City market have fallen by almost 50% from this time last year. Attached is a stat sheet from the Colorado Association of Realtors.
http://coloradorealtors.com/applications/Housing%20Statistics/2009/January.pdf

How People Find Four Mile Ranch News

fourmilenews — Tue, 10 Feb 2009 07:26:42 +0000

Below are the latest stats(search results) on how people are finding news on Four Mile Ranch Golf Course Community, these are the results for 2009

four mile ranch canon city 522
four mile ranch golf 520
canon city, co real estate 517
four mile ranch 436
four mile ranch problems 425
canon city daily record 413
kevin quinn cottage capital 412
Canon City Colorado homes 412
four mile ranch news 410
home problems canon city co 309
cottage capital 109
kevin quinn jeffries 107
kevin quinn golf 107

Four Mile Ranch House For Rent

fourmilenews — Tue, 10 Feb 2009 07:08:39 +0000

Many homeowners in the Four Mile Ranch development located just east of Canon City Colorado 81212 are finding it impossible to find renters in this troubled market. Rents in the Four Mile Ranch development are down close to 50% from 2 years ago, leaving many owners and investors with no options but to let the investments go back to the bank that originated the loans.

Even with a couple of “fair” ratings for the new golf course, it is apparent that the development is in trouble and many wonder if it will survive. If you are looking for a great deal on a rental property, then look no further than Four Mile Ranch. There are many homes available at rock bottom prices that may just fit your needs. Keep in mind, that you will be living next to the youth rahab facility and across the street from most of “Americas Most Wanted” now captured.