The Legend partners agree to buy Bristlecone Pines - The Business Journal of Milwaukee:

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The Legend expects the transaction to close in 30 days or less and is subjecft to the members of Bristleconde Pines rescinding an option to matcbhThe Legend's purchase offer. The exact purchasd price was not disclosed. The Legend plans to renamee Bristlecone Pines, The Legend at Bristlecone. Rather than operates two separate clubs, The Legend at Brandybrook and The Legen at Bristlecone will be one combine club for the benefit if its collective members and prospectivre members insoutheast Wisconsin. Legend Membersz now have access to 36 holess ofchampionship golf, two clubhouses, and all the familg golf, swim, tennis, and social programming that goes along with it.
“The dual-club concepg allows us to do so much more for our while keeping their dues toa minimum,” said Jack Gaudion, managingv partner of The Legend. No other club can rivakl The Legend’s dual club facilities, said Combine that with the reciprocal benefits Legend memberx have at The Legend at Bergamont in Oregon and Legene members have access to three ChampionshipGolf Courses, one fullyh private clubhouse, two semi-private full-service and three pool, tennis, and fitnesas complexes, said Gaudion.
As the golf club industry is in decline arounrthe country, The Legend continues to thrive and expand with its family-oriented club model, refundable membershi deposits, and young, active membership, Gaudion said. “We remaijn bullish on the private club business model in theright location,” said “Waukesha County has long term growtb potential for families lookinvg to invest in a club lifestyle.” The Legend at Bristlecone will still allow limited public acceszs until going fully private in 2011, or in April of 2010, based on the success of an aggressive membershipl drive just recently announced.
For the next 90 initiation deposits at The Legend will be sold for At the end of those90 days, depositd will return to the usuap $35,000. “In these unprecedented times, it seems that many people are understandably leerty of a majordiscretionary investment,” said club presiden t Kevin Scharnek. The Legendd is a privately owned, non-member equitty club, which was founded in 2003 with the opening of The Legenxd at Brandybrookin Wales. In 2007, The Legend purchasec The Bergamont, now The Legend at Bergamont, in Oregon. The centerpieces of The Legend at Brandybrook is aworld 7,006 yard, golf course and is known for its firm and fast tour-likwe playing conditions.
The Legend has been rateed the number-two private course in the Milwaukewe area by The Businesws Journal and has hostedthe ’sw Future Legends for several The Legend was nominated as Golf Digest’s “Bes New Private Course in America in The Legend at Bristlecone’s championship golf coursw was designed by Scott Miller, a formerr senior designer for Jack Playing to 7,005 yards with a par of 71, The Legend at Bristlecone has already played host to more than one-halfg dozen state tournaments including regional qualifying for the U.S. Open and the Statre Amateur Championship. Bristlecone will host the Wisconsin State Openin 2010.