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.
