To many this will seem a case of the rich just getting richer after the membership at York Downs in Markham voted 82% last night in favour to accept a developer's offer of $412m for the club, disband and wait for the smoke to clear to see how much they each make off their equity membership..
A year ago they were offered $274m and the club was split with a "No" segment and a "Yes" segment.
My pal Robert Thompson http://canadiangolfer.com has all the details, please give him a read.
In any case, while they lose their historic club, they will get a damn fine membership at other courses like say Summit just up the road who I'm told are already considering lowering their rate to attract their share of the pay out money the York Downs members will be looking to re invest..
Bryan
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