Homeowners living along Fianna Hills Country Club in Fort Smith are worried about their property values after a prospective buyer for the golf course pulled out, leaving the club with an uncertain future.
Don Wright has been a member of the Fianna Hills Country Club in Fort Smith for many years.
“I have lived there for about 18 years,” Wright said.
Those years have been spent on the golf course, a place he says he’s not ready to give up.
“We don’t want it to close,” said Wright. “We want it to continue on with this ownership or some other ownership.”
FSM Redevelopment Partners had planned to buy the country club and triple its size from 27,000 square feet to 83,550 square feet. The group notified the country club last week it was pulling out of the potential purchase, though, and was no longer interested in Fianna Hills.
With no buyer, it is unclear how much longer the country club will operate.
Wright said he and his neighbors are concerned about the club’s future. Owning a home on a golf course is a selling point, they said.
“There has been uncertainty for the last two to three months,” said Wright.
And the uncertainty has homeowners on edge.
“I’m concerned about property values,” said Penny Smith.
Penny Smith owns property in Fianna hills.
“I own four properties,” said Smith. “One that I live in and I have three rental properties, two of the homes are on the golf course.”
She said she’s attended meetings on the future of her community.
“I’m concerned about the beauty that’s maintained,” said Smith.
City directors told 5NEWS they plan to meet on the issue on May 6.