According to this story in the El Paso Times, the City isn’t going to bail out the Vista Hills Country Club:
City Manager Tommy Gonzalez and city Economic and International Development Department officials told homeowners at the meeting that the best way to prevent the golf course from closing forever and becoming a blighted property would be for the homeowners to form a private homeowners association, or get City Council to form a special tax district for the area.
“I know you’re concerned about your property values” going down, Gonzalez said. “If you have an HOA (homeowners association), hopefully your values will be sustained and even go up.”
I’m sure there are a lot of people who live close to the golf course who would be perfectly happy to see their property values go down. Property taxes on a $300,000 home are about $750 a month right now, and they’re only going to go up. The only way that tax burden will go down is if property values go down.
Lots of people who live in those houses are going to die in those houses. They’re not selling. They’re not moving out.
And good luck finding a buyer if you want to sell.
When that golf course reverts to desert, that neighborhood will look like Montana Vista. Or Santa Teresa.
Not that there’s anything wrong with that.