At This Garage, People Pay $116,500 For A Parking Spot

By Charles Fleming
Los Angeles Times.

WWR Article Summary (tl;dr) >Members of the Bighorn Golf Club, paid an initiation fee of $110,000 and $6,500 in annual dues for the privilege of parking their exotic cars in The Vault, Bighorn’s extra-exclusive private garage.

PALM DESERT, Calif.

Palm Springs real estate is expensive. But if you want to pay top dollar for parking, look to nearby Palm Desert.

Members of the Bighorn Golf Club, a private facility inside a golfing community in that desert town about 100 miles east of Los Angeles, paid an initiation fee of $110,000 and $6,500 in annual dues for the privilege of parking their exotic cars in The Vault, Bighorn’s extra-exclusive private garage.

Bikers get a break. They paid only $55,000 for their spots.

The 50 car spaces at the 24,000-square-foot facility were sold before The Vault began construction in 2014, and the additional 8 motorcycle slots also were gone before the museum-like space opened in November. Now there’s a waiting list.

Access to the pricey parking garage, with entrances and exits through bank vault doors, is limited to Bighorn Golf Club members. That’s a pretty steep buy-in, too.

An individual club membership, without golf privileges, costs $100,000. Throw in golf, and that climbs to $250,000.

Many of the club members also are residents. Home sites go for around $2 million. Existing 3-bedroom villas start at around $1.7 million. The top home currently on the market is offered at $21.1 million. Another is said to be valued at $43 million.

The car collection in The Vault is a bright rainbow, skewed toward red, of classic, antique and exotic automobiles.

In one lane is a Chip Foose-designed 1932 custom Ford roadster. Nearby are a 1970 Dodge Challenger convertible two-seater, and a 1960 Chevrolet Corvette convertible. Those three cars are owned by a father, son and daughter team of Vault members.

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