Brad Faxon: 20 Who Made a Difference in 2020

Wednesday, December 23, 2020

GoLocalProv News Team

 

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Brad Faxon, PHOTO: US Army

The PGA golfer and Barringtonian certainly had an impact on 2020. 

In February, in an email to Metacomet Golf Club members, Brad Faxon and other members of the management team said the club could be sold due to difficult financial times to an unnamed developer. 

“We would like to inform the Membership that we have entered discussions toward the possible sale of the Club property,” says the email signed by Faxon, Steve Napoli, Brendan VanDeventer, Tim Fay and Karl Augenstein.

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“It is probably not a surprise to our members that our first calendar year was financially difficult, with our losses higher than in the Club’s two prior years,” according to the email.

However, documents secured by GoLocalProv.com unveiled that Faxon and his team of high profile investors including a partner of Governor Gina Raimondo in Point Judith Capital promised to invest millions into the Donald Ross-designed Metacomet Golf Course.

Specifically, the investors assured the club members when purchasing the club in 2019, that the PGA’s Faxon -- a Rhode Island icon -- was dedicated to the “unique love for Metacomet’s fabulous history.”

Further, the investment team had promised to put millions into improving the facilities and not to develop the property. "We would not expect to do any major alterations to the course related to Real Estate Development in any way for 18-24 months,” said Faxon and his team.

The deal between Faxon and his team with the club was just a year prior -- then Faxon and his team flipped the property at a massive profit to Marshall Development, who after a contentious battle with neighbors, are planning a mixed-use development. 

So much for the unique love. 

 

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