PhillyDeals: Seaview Golf Resort rebuilding courses in advance of sales

November 11, 2010|By Joseph N. DiStefano, Inquirer Staff Writer
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  • Allison Hanna chips to the sixth green during a practice round in June for the ShopRite LPGA Classic golf tournament at Seaview in Galloway, N.J.
  • Allison Hanna chips to the sixth green during a practice round in June for the ShopRite LPGA Classic golf tournament at Seaview in Galloway, N.J.
  • Campbell Soup Co. has warned that sales and profit have slipped in the last three months.
  • Sen. Ted Kaufman (D., Del.) has his post-Senate job lined up.

Seaview Golf Resort says it is plowing $1.4 million into rebuilding fairways, bunkers, and drainage at its Bay and Pines courses.

The planned repairs to the Absecon, N.J., spa cost almost as much as Philadelphia gas-and-water utilities magnate Clarence H. Geist, founder of what is now South Jersey Industries Inc., paid to buy and develop the square-mile club in 1914. Though today's dollars buy a fraction of what Geist spent.

Stockton College, a New Jersey state school, said in September that it would buy the complex from Bethesda, Md.-based LaSalle Hotel Properties for $20 million next year. That's more than five times what developer Donald Trump agreed to pay for the single-course golf club at Pine Hill last winter.

Story continues below.

Stockton plans to shut the hotel next year, refit it for use in its hospitality-management program, and add student housing at Seaview, four miles from its campus, spokesman Tim Kelly told me.

Election inspection

Did corporate money put Republicans over the top in last week's election? Or was it President Obama's haughty ways? The tea-party promise to "Take Back Our Country"? Outrage over health care, bank reform, and the budget deficit?

No, it was about wallets. "The people said Tuesday, 'I am hurting, my son or daughter is out of work, I overbinged on my credit card, I made too many loans on my house, I'm not moving forward, you guys in Washington had two years to straighten it out, and you didn't,' " insists lame-duck Sen. Ted Kaufman (D., Del.), who next week will give up his seat (formerly Vice President Joe Biden's) to Christopher Coons, also a Democrat.

Shouldn't Obama and the Democrats in Congress have done more to help put Americans back to work? "It would have been extraordinary to overcome," Kaufman told me. "The stimulus worked. The economy is getting better. Now it's up to the private sector to kick in [and start hiring]."

Why aren't companies hiring more? Did businesspeople, upset by Obama's threat to boost their taxes, wait until after the election to hire and expand? "No, business is still worried about the economy," and that's why Republican proposals to cut government won't cure the economy anytime soon, Kaufman said.

While the stimulus slowly kicks in, while hiring slowly comes back, Kaufman, an ex-Biden aide, has his own short-term employment assured.

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