The St. Joe Company (NYSE: Joe) Announces Plan to Restrict Award-Winning Camp Creek Golf Club
(October 25th 2005) (WATERSOUND, Fla.) – The St. Joe Company (NYSE:JOE) announced today that beginning in 2006 play at its Camp Creek Golf Club will be restricted to members and guests of JOE’s resorts, including the WaterColor Inn, and membership will be restricted to property owners within specific JOE communities.
The 18-hole, par-72, championship course has been open to the public since it opened in 2001.
“As a facility open for public play, the club has been so successful that Camp Creek Golf Club has functioned as an amenity for all developments in the area and along 30-A,” said Jack Wolfe, JOE’s vice president and general manager of Walton County.
Memberships in the club are expected to be available for purchase in June of 2006 and will be available only to those owning property in certain JOE towns and communities in the area, including nearby WaterColor and WaterSound Beach. Only property owners in designated JOE communities will be eligible. The cost of membership has yet to be established.
The transition from public to private play will occur over the summer of 2006, with restricted play for members and JOE resort guests to begin Labor Day 2006. Under the privatization plan, play at Camp Creek would be limited to club members and their guests, guests of the WaterColor Inn and guests staying at our rental management properties.
As part of the repositioning of the golf course, JOE will change the name to Camp Creek Golf Club at WaterSound to better recognize its importance to the WaterSound community.
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