Virginia Beach Recommends Golf Course Sale to Dragas Associates
Virginia Beach Public UtilitiesUtility District · Virginia Beach, VA- Disclosed value
- $17,840,000 purchase price; approximately $38,000,000 total golf-course and stay-and-play cottage refurbishment costs; $4,200,000 City infrastructure contribution plus up to $3,000,000 contingency
- From agendapacket
- Document date
- Jul 7, 2026
The 30-second brief
Virginia Beach recommends authorizing a purchase and development agreement with Dragas Associates, Inc. for approximately 300 acres at Virginia Beach National Golf Course. Dragas would pay a $17.84 million purchase price and fund major golf-course and development improvements, while the City would provide infrastructure funding and retain a 99-year repurchase option.
Dragas Associates Inc holds this contract with Virginia Beach Public Utilities. Its other public contracts on record include work for City of Virginia Beach and City of Chesapeake.
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Contract details
- Amount
- $17,840,000 purchase price; approximately $38,000,000 total golf-course and stay-and-play cottage refurbishment costs; $4,200,000 City infrastructure contribution plus up to $3,000,000 contingency
- Document date
- July 7, 2026
- Vendor
- Dragas Associates Inc
- Source document
- City of Virginia Beach AgendaPacket City Council Agenda and Related Items 2026-07-07 (AgendaPacket)
Dragas Associates Inc's other public contracts
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Questions about this contract
Who was awarded the government contract by Virginia Beach Public Utilities?
Dragas Associates Inc was awarded this government contract by Virginia Beach Public Utilities, as recorded on July 7, 2026. The contract value is $17,840,000 purchase price; approximately $38,000,000 total golf-course and stay-and-play cottage refurbishment costs; $4,200,000 City infrastructure contribution plus up to $3,000,000 contingency.
How much is the Dragas Associates Inc contract with Virginia Beach Public Utilities worth?
The Dragas Associates Inc contract with Virginia Beach Public Utilities is valued at $17,840,000 purchase price; approximately $38,000,000 total golf-course and stay-and-play cottage refurbishment costs; $4,200,000 City infrastructure contribution plus up to $3,000,000 contingency.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Virginia Beach AgendaPacket City Council Agenda and Related Items 2026-07-07 (AgendaPacket), dated July 7, 2026 from Virginia Beach Public Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Dragas Associates Inc hold?
Dragas Associates Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Virginia Beach Public Utilities currently buying?
Explore Virginia Beach Public Utilities's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.