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Vallejo, CA - The Mayor, City Council, and I are aware that the community has expressed concern over the developer of Blue Rock Springs Golf Course recently listing the property for sale. At the City Council meeting Tuesday night, Council members requested that the developer better inform them during the research on potential future development with the property.
The developer, Blue Rock Springs, LLC, ensured the Council and the community they have no intention of “flipping” the property but were rather putting it out to open market to seek hotel and resort development partners, which could improve and increase the value of the property and the future golf course improvements. Researching land uses on a site is part of the regular due diligence process developers often conduct on potential developments to ensure all options are investigated and all opportunities are considered for highest and best use of the site. This information informs the community and decision makers as they consider future development opportunities.
Staff clarified that the Purchase and Sale Agreement for Blue Rock Springs Golf Course approved in December 2022 has a recision clause as well as a requirement for profit sharing at several stages of development including entitlement approvals and sale of the property. Staff and the developer are currently negotiating terms of the Participation and Performance Agreement (a post-closing requirement) that will come before City Council and will define project timelines and detail the profit sharing requirements moving forward.
Public engagement and community meetings will take place most likely in the first quarter of 2024, prior to entitlement submittals, so that the input can inform the applications.
At the conclusion of the meeting, the Council voted unanimously to allow the developer to extend the due diligence period and continue to research all marketable options for the site. The developer and City staff agreed to inform Council of updates on the project as the process progresses.
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