Cobbs Creek Golf Course Renovation

[Dan Powers]

The Cobbs Creek Golf Course is set to recieve an $65 million dollar overhaul to turn the now closed course into a brand new facility with an education and community engagement center, driving range, 9-hole short course, and restaurant to be completed by 2023. The goal of the renovation includes restoring the 105 year old course to its former glory for all Philadelphians to use and enjoy as well as hosting championship course capable of hosting PGA Tour events. This level of investment should create a lot of buzz in the surrounding neighborhoods of Overbrook and Upper Darby, but it will be interesting to see how this will affect values in the coming years.

With values having already skyrocketed throughout West Philly and Upper Darby over the past 2 years with no signs of slowing down, it will be interesting to see how this will impact the market over there. The only thing I could see slowing growth in the pocket would be the FED continuing to increase interest rates, but only time will tell.