New York City Officials Award Coveted Randall’s Island Golf Center Site to Drive Shack
Drive Shack Inc. (DS)
Last drive shack inc. earnings: 11/11 10:45 pm
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US:NYSE Investor Relations:
ir.driveshack.com
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Source: Business Wire
Investment to revitalize golf center, commitment to New York’s golfing community, support for local youth programs and local job creation helped secure land for new sports recreation complex NEW YORK--(BUSINESS WIRE)-- Today, Drive Shack Inc. (NYSE: DS), formally announced plans to open a new golf entertainment and recreation complex in Manhattan, after New York City Department of Parks and Recreation (“NYC Parks”) officials awarded the Company a site at Randall’s Island Park. Drive Shack will completely rebuild and replace the existing golf driving range with a year-round golf-centric recreation facility. The current Randall’s Island Park driving range is undergoing improvements and will reopen in April 2019 under Drive Shack’s subsidiary, American Golf. Operations will continue under American Golf’s supervision until breaking ground on the 3-story venue. The development is expected to generate
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