Well I tried to buy it but I couldn't get a bite out of Government, in fact they never even bothered to respond. See attached offer /CrowbushOffer.tif
For years I've heard various Governments and Opposition parties talking about selling PEI's golf courses so I made an offer to the previous Government and they never responded and now an official offer to this Government and I got the same response, nothing. It seems pretty simple to me. The Government is losing a pile of money running these courses and getting absolutely no return on their value and as time goes on they are driving the "brand" into the ground. They probably could have got $20 million plus for them a few years ago but the market has changed and private operators in our neighbouring Provinces have built courses like Fox Creek, Fox Harbour, Glen Arbour, etc... complete with home sites that compete head on with Crowbush. Thirteen years ago Crowbush was at the top of the pack but today you hardly ever hear anything about it in the golf rating magazines and local clubs like Eagles Glen, Anderson's Creek, New Glasgow, etc...have as good an offering, at a much lower price. Government did its job of making PEI a golf destination and now Government should step aside and let private enterprise bring some new fresh ideas and investment back to these courses. Take a good look at my offer, I didn't want to get it for nothing and in fact I wanted the Government to publicly tender the sale so it would be transparent for all Islanders to see what the real value is not what some "consultant" thinks it's worth. Surely our Government could find some use for the money they would get out of the sale and at the same time stop the bleeding...
Thursday, July 17, 2008
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5 comments:
Why don't my posts pop up?
Mr. Banks
Keep posting! Havent had a new post since Thursday!
Best read on the internet!
231.08 acres of land, plus buildings plus the ajacent hotel for $6.6 million?
Im glad the govn't didn't sell. That'd be one heck of a deal!
You're right on the land size BUT WRONG "on the ajacent hotel" as that was not a part of the offer. The last couple of private courses that have changed hands on PEI were around $1,100,000 and like my offer says I asking Government to publicly tender them so they can get the higgest price.
Our provincial govn't has stated they want $6-$10 per golf course.
While I understand your a business, an of course you want to offer the least amount to get the course, I don't think the $6.6 was high enough.
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