Thursday, December 1, 2011

District of Lunenburg assumes control of Osprey Ridge


The Municipality of the District of Lunenburg has assumed control of Osprey Ridge Golf Course after the club couldn't meet a 60 day deadline to meet financial obligations. The Municipality issued a notice of default to the golf course towards the end of September and is now on the hook for upwards of $3.2-million in unpaid mortgage payments. The Chief Administrative Officer for the Municipality, Tammy Wilson, says they've started the process of hiring a consultant to sell the property.
"We have a proposal call out for the development of a prospectus and marketing strategy to market the land, with the objective of finding investors to acquire the property as a long-term solution."
Wilson says once a consultant is hired, there will be a public process to determine interest in acquiring the land. The Municipality expects Osprey Ridge to be open next season and operated by the non-profit group Bridgewater Golf and County Club.