![]() ![]() Consolidated-Tomoka gave the city about 30 acres of land around Municipal Stadium, the News-Journal reported. The proposed sales price is more than double the $1.5 million Consolidated-Tomoka paid the city in early 2017 to acquire the courses along with a three-hole practice course and a two-sided driving range, clubhouse, pool, and fitness facility.īut the sale was worth more than $1.5 million to the city. subsidiary of a Chinese conglomerate, has a binding contract to buy the two LPGA courses for $3.6 million, the News-Journal reported. ![]() What was before the commission was not an approval of the sale it was simple items to clean up an old master agreement.”ĬBIGG, a U.S. New taxpayers are good to diversify the economy and grow tax base. I would think we all want new companies and new taxpayers to come into our community so we learn and benefit from best practices and new capital. “What do you want me to tell the LPGA? Who else would want to submit them to this process? I am open to ideas. “What do you want me to tell the 125 employees at the golf club?” Albright said in the e-mail. “We, and I, didn’t realize that having an experienced, well-capitalized owner and operator of golf clubs who was willing to come in and buy the golf club and deploy new capital to bring it up to expectations of the community and the LPGA was going to get a rough reception at the City Commission,” Albright wrote in a July 18 e-mail to the mayor and city commissioners. ![]() When the sun came up on July 18, Albright was still befuddled by what happened in commission chambers 12 hours earlier, the News-Journal reported. “It was offensive when the mayor said maybe this isn’t the place for you,” Folmar said. He found comments commissioners made about him and his company “alarming” and said it was a first in his three-decade career, the News-Journal reported. “We have to strongly consider if we want to be supportive of a city that has so little trust,” Folmar said. He said July 18 he’s still deciding what he wants to do, but he’s “disappointed and frustrated.” The master agreement amendments would be crucial to any sale of the golf courses, he said.ĭale Folmar, CBIGG’s vice president of operations, said he didn’t walk away from the deal when he walked out of City Hall, the News-Journal reported. “What kind of welcome mat was this?”Īlbright said he was just trying to clean up an agreement to get C-Bons, also known as CBIGG Managment, comfortable with closing on the sale, the News-Journal reported. “What buyer in his right mind will want to close on this after what just happened?” Albright said. Even worse, Albright is worried no one else will want the golf courses his company bought from the city two and a half years ago. President and CEO John Albright was afraid the sale his company had been working on for five months had just slipped away, the News-Journal reported. ![]() So commissioners delayed a vote on the master agreement changes until August 7.īy the time Mayor Derrick Henry gaveled the meeting to a close, Consolidated-Tomoka Land Co. It was nothing that appeared to have the power to scuttle the pending sale of the two 18-hole golf courses that had been pushing toward closing in seven to 10 days.īut during the meeting the mayor and commissioners grew leery of the buyer, C-Bons International Golf Group Inc., which owns and operates more than two dozen golf courses nationwide, the News-Journal reported. There was also a measure ensuring re-use water would be available at the city’s standard non-residential rates, the News-Journal reported. The amendments included releasing 1995 deed restrictions on the LPGA headquarters property, setting up surcharge payments to the city and solidifying privileges of the Ladies Professional Golf Association to use the facility on the city’s west side.Ĭ+RB reported on the proposed sale earlier this week. city commissioners might have derailed the pending sale, the Daytona Beach News-Journal reported.Īt their July 17 meeting, commissioners were slated to vote on changes to a 1990 master agreement for the sprawling LPGA golf course property, the News-Journal reported. A vote on changes to the property’s master agreement that would be needed for the sale was delayed until August 7.Ībout a week before an Arizona company was hoping to buy the pair of golf courses at LPGA International, Daytona Beach, Fla. But during the commission’s latest meeting the mayor and some commissioners expressed reservations about the new buyer, after nearby residents continued to raise concerns about its intentions. subsidiary of a Chinese conglomerate that owns and operates more than two dozen golf courses nationwide, seemed to be moving along smoothly. The sale of the Florida property to CBIGG Management, a U.S. ![]()
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