28 Mar '14, 2pm

Land Grab

Land Grab

Masters champion Billy Casper famously said: "Golf puts a man's character on the anvil and his richest qualities—patience, poise, restraint—to the flame." This might also be said of Augusta National Golf Club's slow and measured acquisition of property just outside its storied green gates. For the past 15 years, Augusta National has been buying property—house by house, lot by lot—in the neighborhoods directly to the north, east and west of the 365-acre club. According to Golf Digest's analysis of sales records from 1999 through early 2014, limited-liability companies associated with the club have paid roughly $55 million and acquired about 100 acres. True to form, Augusta National has been discreet about its acquisitions and tight-lipped about its master plan. It does say, however, that the club's legacy is to make improvements every year. "If this were any other golf club...

Full article: http://www.golfdigest.com/golf-tours-news/golf-masters/20...

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