About a third of residents said they wanted to see single-family housing or townhouses built.
Any developer who takes on the project will have to think carefully about the price point of the homes built on the former course, said Kris Lindahl, the real estate agent known for his ubiquitous billboards. The rising cost of materials and labor, plus volatile interest rates, will make cost the driving factor, he said.
“There are a lot more headwinds in the open market than there has been in a long time,” Lindahl said.
The course is no longer the home course for either of the Gophers’ golf teams. The U plans to sell the driving range and the 18-hole course, including 125 acres on the north side of Larpenteur Avenue and another 16 acres on the south.
The sale will not include an adjacent golf practice facility used by the men’s and women’s Gophers golf teams, the Elizabeth Lyle Robbie Soccer Stadium or the KUOM radio transmission tower, the U said in a notice sent to Falcon Heights.
The golf course is named for Gophers golfer and longtime coach Les Bolstad, who in 1926 became the youngest U.S. Public Links champion. It opened as a nine-hole course in 1916 and was expanded to 18 holes in 1929.