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.”
