Historic Salmon Arm Golf Club up for sale

18-hole Championship course, 9-hole heritage course valued at more than $4 million

If you’ve ever dreamed of owning a golf course, the Salmon Arm Golf Course Society has an opportunity for you.

On Monday, April 29, it was announced the 18-hole championship golf course with nine-hole heritage course would be going up for sale.

The Salmon Arm Golf Course Society (SAGCS) made the decision to put the approximately 90-year-old course, with an estimated value of more than $4 million, on the market. Their decision to sell the course is based on a number of factors, key being the recognition that “a volunteer-driven non-profit society was no longer easily sustainable given the continued downward trend in membership and current demographics.”

“SAGC has been an incorporated non-profit society since 1983, owned and operated by Society Certificate Holders, and governed by an elected volunteer Board of Directors,” states SAGCS in an April 29 news release. “The original premise for the golf course was a member-driven and funded golf course and green fee play was a supplement.

“The golf course industry as a whole has suffered since the 2008/2009 economic down turn, and this, coupled with other factors such as golf course overbuilding, aging demographics (and) lack of leisure time has caused SAGCS to transition from a member driven business model, to one with an emphasis on public play.”

The society says they approached the City of Salmon Arm to see if there was any interest in taking over the golf course but the city declined.

Read more: Salmon Arm Golf Club focuses on environmental stewardship

Read more: Leah Blain’s Business Spotlight: Salmon Arm Golf Club celebrates 90 years

Read more: Salmon Arm Golf Club tournaments tee off despite cloudy, smoky skies

“The numerous visitors from across Canada, the U.S. and internationally, who come to play on our renowned golf course are drivers of large tourism dollars for our area and the golf course is a drawing card for people looking to move to a new community,” states the release.

Sale of the golf course will be based on criteria that is being developed by the society. New ownership will be sought that will include taking over the debt and investment in the infrastructure. Liabilities for the course are estimated around $2 million.

“The Club has always managed to meet its debt obligations regularly,” states the release.

While the course is for sale, The Salmon Arm Golf Club remains open for business.

“The early opening on April 19 with great course conditions bodes well for that and it is business as usual with no interruption to services to the members or public while the sale process takes place.”


@SalmonArm
newsroom@saobserver.net

Like us on Facebook and follow us on Twitter

Just Posted

Man cycles across B.C. Interior for sobriety

Vancouver Island Resident Matt Fee is approaching the final phase of his cross-Canada bike journey to raise awareness about addiction recovery.

Lakeshore Racquets Club hosts the 23rd Credit Union Cup

Tournament in Summerland draws teams from around the Okanagan Valley

Summerland to hold cross-country races Sept. 29

Trail races will be held at Summerland Rodeo Grounds

LETTER: Summerland one-day recycling service appreciated

Service on Saturday helped those unable to get to landfill

Summerland Senior Men’s Club plays all net scores event

Golf leagues continue to play in Summerland

VIDEO: Liberals make child care pledge, Greens unveil platform on Day 6 of campaign

Green party leader Elizabeth May unveils her party’s platform in Toronto

Canucks sign Brock Boeser to three-year, US$17.6-million deal

Young sniper will be in Vancouver Tuesday

B.C. forest industry looks to a high-technology future

Restructuring similar to Europe 15 years ago, executive says

RCMP conclude investigation into 2017 Elephant Hill wildfire

Files have been turned over to BC Prosecution Service

B.C. wants to be part of global resolution in opioid company bankruptcy claim

Government says settlement must include Canadian claims for devastation created by overdose crisis

Popular Bird Migration Day open house happening this weekend

Event focuses on bird adaptation to migration, bird conservation issues and threats and bird banding

B.C. ends ‘birth alerts’ in child welfare cases

‘Social service workers will no longer share information about expectant parents without consent’

U.S. student, killed in Bamfield bus crash, remembered as ‘kind, intelligent, talented’

John Geerdes, 18, was one of two UVic students killed in the crash on Friday night

Facebook group forms committee against Thompson Nicola R.V. crackdown

Group discusses issues with regional R.V. bylaw at recent meeting

Most Read