A reigning champion in the global fertilizer business, Mosaic Co. is getting into golf. It seems incongruous. But Mosaic sees a new high-end resort it is building near Tampa, Fla., as a good way to reuse a no-man's land of waste sand from its old phosphate mines.
Plymouth-based Mosaic and its corporate forebears have mined phosphate in Florida for decades. The mineral is a key ingredient in fertilizer, and it's clawed from the ground in giant strip mines.
Now, three prominent golf course designers have transformed 700 acres of old sand dunes into two courses at a resort dubbed Streamsong.
"We were looking at how we could most effectively put ourselves on the map -- to create an identity for Mosaic," said Rich Mack, the company's general counsel.
The company has poured "tens of millions" of dollars into Streamsong, which has been on the drawing board since 2007. While the project may appear to be far afield of Mosaic's core business, Mack pointed out that Streamsong will enable Mosaic to get a return on land that was idled.
The resort had a "soft opening" last week, and both courses are open for play. The grand opening is slated for Jan. 26, and a 216-room lakeside lodge is expected to be done in November.
Plans also call for hiking, biking and other activities on the Mosaic-owned site, which covers 16,000 acres a little more than an hour's drive from the Tampa airport.
Streamsong is separate from a settlement Mosaic made in February with the Sierra Club over environmental litigation that was blocking the expansion of a big Mosaic mine. Mosaic is donating to Florida or a nonprofit organization a 4,171-acre tract of land worth at least $10 million.