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Greystone courses change hands twice.

Two Cabot golf courses have changed hands twice in the past year. Now-retired Jonesboro orthopedic surgeon Dr. Glenn Dickson developed the Greystone Country Club along with its two courses, Mountain Springs and Cypress Creek. In June last year, Dickson handed over the courses to Regions Bank of Birmingham, Ala., in a deal that cancelled all debts, obligations and charges from Dickson's mortgage on the property that dates back to May 1995.

Dickson could not be reached for comment on the deal.

Then in October last year, Greystone Entertainment--which includes Greystone residential developers Jack King, Bill Minton and Charles George Jr.--bought the country club and its two courses from Regions. The price of the deal, according to a special warranty deed, was $1.5 million.

Mountain Springs, a 7,000-yard, par-72 course designed by The Kevin Tucker Group of Nashville, Tenn., opened in 1995. Dickson once told Arkansas Business it cost "in the neighborhood of $2.5 million."

Opened in 1999, Cypress Creek is named for a creek that flows through the property. Also designed by Tucker, Cypress Creek has played host to the Arkansas Open and a Hooters Tour event.

Arkansas Business readers consistently rank both courses among their favorite in the state.

The roughly 400 homes in Greystone's eight subdivisions are part of a 1,850-acre wooded development.
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Title Annotation:Golf Notes
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Mar 21, 2005
Words:220
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