A timeline of the multi-million dollar Pebble Beach wheel and tackle

Pebble Beach, one of the greatest golf properties in the world.

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Some might say that only Mother Nature can claim Pebble Beach as its own, but the development along the stunning coast of Northern California represents more than 100 years of multimillion-dollar dealings.

The original Big Four (1880)

Through the Pacific Improvement Company (PIC), railroad tycoons Charles Crocker, Mark Hopkins, Collis Huntington and Leland Stanford opened the Del Monte Hotel, followed shortly thereafter by 17-Mile Drive and Del Monte Golf Club.

Duke del Monte (1915)

PIC hires Samuel FB Morse to liquidate its land holdings. The following year, Morse persuaded them to build another course near Stillwater Cove that would become Pebble Beach Golf Links.

Samuel FB Morse

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Pebble and Beyond (1919)

Morse founded the Del Monte Properties Company, and for $1.34 million acquired all of the Petrochemical Industries Company’s holdings. He goes on to help him develop Cypress Point, Monterey Peninsula CC, and Spyglass Hill, among other courses in the area. He is the main developer of the peninsula for the next 50 years.

May the course be with you (1977)

Del Monte Properties was re-established as the Pebble Beach Corporation, and a year later, it was acquired by 20th Century Fox for US$81.5 million, using profits from the success of Star Wars. Fox reorganized and renamed it Pebble Beach Company.

Wild Cat (1981)

Oil major (and apparently a huge Diana Ross fan) Marvin Davis, along with financier Mark Rich, bought 20th Century Fox – including the Pebble Beach Company – for $722 million. A few years later, Davis sold his stake in the studio to Rupert Murdoch for $325 million, but kept PBC.

Pacific Solstice (1990)

Japanese businessman Minoru Isutani, owner of Ben Hogan Real Estate, bought Pebble Beach from Davis for $841 million. Almost immediately he faces financial problems.

Selling Fire (1992)

Two years later, Isutani took a shower when he sold the company to the Japanese-owned Taiheiyo Golf Club Inc/Lone Cypress Company for $500 million.

Clint Eastwood

Allstar/Warner Bros.

The New Big Four (1999)

A group including Clint Eastwood, Peter Oberroth and Arnold Palmer bought the BBC for $820 million. They offer select minority investors a price of $2 million each. These shares were recently valued at between $8 and $9 million. PBC itself? It is worth between $3.2 and $3.7 billion.

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