Welcome Guest
Log In | Register )
The time is now 4:59 pm
You last visited August 27, 2014, 4:58 pm
All times shown are
Eastern Time (GMT-5:00)

Lottery winner buys golf course

After the Big WinAfter the Big Win: Lottery winner buys golf course
52
Rating:

LA PORTE CITY, Ia. — Recent lottery winner Wally Markham isn't just a member of his local country club — he owns it.

Markham, 65, won the Iowa Lottery Hot Lotto jackpot in November, netting about $3.5 million after taxes. The retiree invested most of his winnings, but first set aside enough to buy the faltering La Porte City Country Club.

Markham was already a member of the country club and even volunteered there, mowing the greens and doing odd jobs.

"It was going downhill, and they were financially in trouble," said Markham, who worked 36 years at the John Deere plant in Waterloo.

The purchase was finalized in April. Markham has been working since then to fix it up, resurfacing the golf paths, adding two new heat pumps and refurbishing the patio. More upgrades and new landscaping are also planned.

Markham declined to say how much money he has put into the country club, which celebrated its reopening Saturday.

"It's just a nice place," Markham said. "The city of La Porte should be happy with what they've got. The only reason I bought it was for them. They have a lot of people that like to play golf."

Nancy Riley, the former assistant manager whom Markham has hired to run the country club, said he's doing a great service for the community.

"Any small country club is struggling because it takes a lot to run a country club, with fertilizer and equipment and all," she said.

Riley said Markham dreams of building a new country club, although he said he's not quite ready for that. "Someday, maybe," he said. "I'm not ready to spend a million dollars yet."

AP

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

16 comments. Last comment 2 years ago by haymaker.
Page 1 of 2
Cletu$2's avatar - Lottery-050.jpg
S.E.Iowa
United States
Member #120509
December 21, 2011
534 Posts
Offline
Posted: May 14, 2012, 8:53 am - IP Logged

Pasture pool.

When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

There ought to be one day - just one - when there is open season on senators. ~Will Rogers

    gocart1's avatar - lighthouse
    da bronx,city island,n.y.
    United States
    Member #30516
    January 17, 2006
    333 Posts
    Offline
    Posted: May 14, 2012, 1:12 pm - IP Logged

    Great for Wally Markham....You still have to keep busy with something..Or the mind starts to go....Best OF Luck to  WAllyPartyUS FlagParty

      dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
      Oklahoma
      United States
      Member #82391
      November 12, 2009
      5261 Posts
      Offline
      Posted: May 14, 2012, 1:49 pm - IP Logged

      Great for Wally Markham....You still have to keep busy with something..Or the mind starts to go....Best OF Luck to  WAllyPartyUS FlagParty

      Thumbs Up

      I Love Pink & Green 1908

        rdgrnr's avatar - walt
        -Ridge Runner- Oracle of the Appalachians
        Way back up in them dadgum hills, son!
        United States
        Member #73904
        April 28, 2009
        14903 Posts
        Offline
        Posted: May 14, 2012, 4:33 pm - IP Logged

        I like when nice guys like Mr Markham win.

        I hope he wins again.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

          sully16's avatar - sharan
          Listens to the wind

          United States
          Member #81740
          October 28, 2009
          19223 Posts
          Online
          Posted: May 14, 2012, 8:16 pm - IP Logged

          Congrats to Mr. Markham

          There's only one US Flag

            gocart1's avatar - lighthouse
            da bronx,city island,n.y.
            United States
            Member #30516
            January 17, 2006
            333 Posts
            Offline
            Posted: May 14, 2012, 8:53 pm - IP Logged

            I like when nice guys like Mr Markham win.

            I hope he wins again.

            I Agree!

              maximumfun's avatar - Lottery-064.jpg

              United States
              Member #124621
              March 16, 2012
              1475 Posts
              Offline
              Posted: May 14, 2012, 10:23 pm - IP Logged

              What fun!  Good for him!

                golfer1960's avatar - images q=tbn:ANd9GcRrT_aqD1AR0JipFSPNrYwpV7HY4uVoKxOgcUYLzZ3SEdif
                Eatontown, NJ
                United States
                Member #119675
                November 29, 2011
                550 Posts
                Offline
                Posted: May 14, 2012, 11:40 pm - IP Logged

                Since I love golf, this story sings to me. I was curious about what the course looks like and I found a picture of Wally riding a tractor at his new golf course. It is a 9-hole course. Good on ya, mate!

                Wallycourse

                  NightStalker's avatar - IMG00073 20100720-1609_2.jpg
                  Nothing Good Happens After Midnight
                  East of Columbus, OH
                  United States
                  Member #120848
                  December 28, 2011
                  415 Posts
                  Offline
                  Posted: May 15, 2012, 7:54 am - IP Logged

                  Congrats to Wally!  I love to golf, just don't seem to have the time.  Of course, when my numbers come in, I will be golfing more.  Don't know if I would buy a course, but definitely golfing more.

                  Life's Too Short To Be Unhappy Cool

                    RedStang's avatar - 20140808 010507Custom_zps4cde8ec4.jpg
                    Dutchess , NY
                    United States
                    Member #121966
                    January 21, 2012
                    2581 Posts
                    Offline
                    Posted: May 15, 2012, 1:40 pm - IP Logged

                    Wally looks very happy. One day i will do what he did. I know where there's a little go cart track in need of help that me and the nephews could tear up.

                      Avatar
                      new york
                      United States
                      Member #123022
                      February 11, 2012
                      124 Posts
                      Offline
                      Posted: May 15, 2012, 3:29 pm - IP Logged

                      good for him now he can play golf and call it work

                        time*treat's avatar - radar

                        United States
                        Member #13130
                        March 30, 2005
                        2171 Posts
                        Offline
                        Posted: May 15, 2012, 7:38 pm - IP Logged

                        Since I love golf, this story sings to me. I was curious about what the course looks like and I found a picture of Wally riding a tractor at his new golf course. It is a 9-hole course. Good on ya, mate!

                        Wallycourse

                        Don't know that I'd take up golf, but I'm interested in knowing the model of that vehicle. Smash

                        In neo-conned Amerika, bank robs you.
                        Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

                          MADDOG10's avatar - smoke
                          North Jersey
                          United States
                          Member #5709
                          July 18, 2004
                          17684 Posts
                          Offline
                          Posted: May 15, 2012, 7:44 pm - IP Logged

                          Great story.

                            Wally is a heck of a man to do for his community instead of himself.  My hats off to him...!

                                                                                    Your Best Teacher, is Your First Mistake.

                            haymaker's avatar - Lottery-012.jpg
                            egg harbor twp.south jersey shore
                            United States
                            Member #112972
                            June 29, 2011
                            3103 Posts
                            Offline
                            Posted: May 15, 2012, 8:14 pm - IP Logged

                            Don't know that I'd take up golf, but I'm interested in knowing the model of that vehicle. Smash

                            May be a john deere 7500 fairway mower,

                            hard to tell from the angle of the pic.

                            Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.