It’s a question that can’t be answered yet, but the speculation continues to swirl, which isn’t a surprise, about the future of the York Downs Golf and Country Club, a private, members-owned club in Markham, Ont.
The prime land on which the club is situated reportedly drew an initial offer of $274-million from developers and the club also put out feelers for rival bids through a listing on Colliers International, one that has since been taken down from the Colliers website.
Reports say that several offers have been made and a short list has been put together for presentation to members at an upcoming town hall meeting that is expected to be held before the end of October.
One strong rumour, and I’m emphasizing the word rumor, is that Angus Glen Developers put in an offer that would see a Kylemore development put on the York Downs land.
The deal would include York Downs moving to what is now the Angus Glen South Course and would include the Angus Glen clubhouse. The North Course at Angus Glen would still be used for public/tournament use.
What potentially works against such a deal is that an all-cash deal is said to be preferred, which wouldn’t be a surprise considering the payout members would receive from such a transaction.
The rumour about Angus Glen, one of the most high-profile public courses and the site of two Canadian Opens, is a fascinating one, but just one of several I’ve heard since the initial offer was made.
Certainly, other clubs in the Toronto area are watching this with great interest, considering there could be established golfers suddenly flushed with cash looking for a place to play if the decision is made to just sell York Downs.
GNN has an e-mail into York Downs for comment, but the club has yet to respond.
We’ll continue to keep an eye on the story as it develops.