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Eastern Golf Club on the move?


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#31 Tinsworth

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Posted 22 November 2006 - 08:37 PM

QUOTE: Upanddown23 @ Nov 22 2006, 10:34 AM


Wouldn't they be crawling down the left lane to make sure they didn't miss their exit?

laugh.gif

Nup - RH lane all the way then suddenly veer across 3 lanes at the very last minute.

rolleyes.gif



#32 Uncle_Leo

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Posted 22 November 2006 - 08:42 PM

The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to se them thinking only of themselves and not the future.



#33 boonie

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Posted 22 November 2006 - 08:47 PM

75% was always going to be a tough sell. Common sense can only get so many people accross the line.



#34 Upanddown23

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Posted 22 November 2006 - 08:49 PM

QUOTE: Jack @ Nov 22 2006, 10:42 AM


The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to se them thinking only of themselves and not the future.

Agreed Jack.

Wandering around as though the world owes them everything and then they're going to have the nerve to hang around until their 90, draining our medical resources and stopping anyone born post 1960 from getting the pension.



#35 Uncle_Leo

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Posted 22 November 2006 - 09:02 PM

QUOTE: Boonie @ Nov 22 2006, 10:47 AM


75% was always going to be a tough sell. Common sense can only get so many people accross the line.

Boonie, any idea of how close the vote was?



#36 elizabeth

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Posted 22 November 2006 - 09:24 PM

Jack,

They got about 33%.

Apparently the majority want to push to build a brand new course out near the Heritage.

Liz



#37 smooth

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Posted 22 November 2006 - 09:30 PM

QUOTE: Elizabeth @ Nov 22 2006, 10:24 AM


Jack,

They got about 33%.

Apparently the majority want to push to build a brand new course out near the Heritage.

Liz


Probably a more satisfying long term option than the KL one.

Wonga Park could become home to all the eastern suburbs courses one day the way its going smile.gif. Isnt the new Croydon out that way also?



#38 boonie

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Posted 22 November 2006 - 09:46 PM

QUOTE: Jack @ Nov 22 2006, 11:02 AM


Boonie, any idea of how close the vote was?

Lizzy's covered it. Didn't even get close.



#39 elizabeth

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Posted 22 November 2006 - 11:29 PM

Rumour is that there is a push for the following,

Retain/Improve current location of clubhouse and built a range + practise facility on site.
Sell the remaining course land and reep somewhere in the vicinity of 80-90mil.
Build new championship course and clubhouse out near the heritage where 18 holes of land costs about 10mil. Spend serious cash to build a serious course.
Possible involvement of designer known for wearing yellow sweaters


Note - I'm no expert. Just passing on the rumours.

Liz



#40 Uncle_Leo

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Posted 23 November 2006 - 01:39 AM

QUOTE: Elizabeth @ Nov 22 2006, 01:29 PM


Rumour is that there is a push for the following,

Retain/Improve current location of clubhouse and built a range + practise facility on site.
Sell the remaining course land and reep somewhere in the vicinity of 80-90mil.
Build new championship course and clubhouse out near the heritage where 18 holes of land costs about 10mil. Spend serious cash to build a serious course.
Possible involvement of designer known for wearing yellow sweaters
Note - I'm no expert. Just passing on the rumours.

Liz

Lizzie, according to the info memorandum that went out to members, they expected to reap $89m for the whole site in Doncaster, so if they retained say a quarter of it as you suggest they will get much less than that (maybe $65-70m perhaps - still good). The report also suggested that available land options near Heritage were expensive slim pickings and would require a long lead in period to attain appropriate permitting etc so it wouldnt be a quick process.

In the long run that may be a suitable option, however dont forget that if they get $90m for what they have now and they have 1000 members (only guessing) then that equates to $90k per members. Thats some buying power if they wanted to close shop and spread their members around the other existing clubs in the east/south east area.

Jack.



#41 coffee

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Posted 23 November 2006 - 05:44 PM

QUOTE: Jack @ Nov 22 2006, 10:42 AM


The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to se them thinking only of themselves and not the future.

Jack - how could you say this “The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to see them thinking only of themselves and not the futureâ€.

Each generation gives the next generation a chance, the young ones just need to be a bit more patient.


QUOTE: Upanddown23 @ Nov 22 2006, 10:49 AM


Agreed Jack.

Wandering around as though the world owes them everything and then they're going to have the nerve to hang around until their 90, draining our medical resources and stopping anyone born post 1960 from getting the pension.


Upanddown23 – glad to note that your comment that the babyboomers will be hanging around till their 90 – longer to wait for the inheritance and less to receive.


QUOTE: Elizabeth @ Nov 22 2006, 01:29 PM


Rumour is that there is a push for the following,

Retain/Improve current location of clubhouse and built a range + practise facility on site.
Sell the remaining course land and reep somewhere in the vicinity of 80-90mil.
Build new championship course and clubhouse out near the heritage where 18 holes of land costs about 10mil. Spend serious cash to build a serious course.
Possible involvement of designer known for wearing yellow sweaters
Note - I'm no expert. Just passing on the rumours.

Liz

Elizabeth – what a brilliant idea, I reckon a babyboomer was behind such a sound thought. That’s the value of true life experiences. Take your time, think it through and don’t be rushed.



#42 pugman

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Posted 23 November 2006 - 07:33 PM

QUOTE: Jack @ Nov 22 2006, 10:42 AM


The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to se them thinking only of themselves and not the future.

That's because they've seen the next couple of generations.



#43 Tinsworth

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Posted 23 November 2006 - 07:55 PM

QUOTE: coffee @ Nov 23 2006, 07:44 AM


Jack - how could you say this “The baby boomers are the most selfish and arrogant generation in the history of mankind. Its no surprise to see them thinking only of themselves and not the futureâ€.

Each generation gives the next generation a chance, the young ones just need to be a bit more patient.

That's a very easy thing to say given their impacts on society over the past 2 decades.

Exactly how are the baby boomers giving the next generation a chance?

QUOTE: coffee @ Nov 23 2006, 07:44 AM


Upanddown23 – glad to note that your comment that the babyboomers will be hanging around till their 90 – longer to wait for the inheritance and less to receive.

That's just a throwaway line from baby boomers to justify their attitudes and behaviour
laugh.gif

QUOTE: pugman @ Nov 23 2006, 09:33 AM


That's because they've seen the next couple of generations.

That they have created and shaped
rolleyes.gif



#44 judgesmails

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Posted 23 November 2006 - 11:32 PM

QUOTE: Jack @ Nov 22 2006, 03:39 PM


In the long run that may be a suitable option, however dont forget that if they get $90m for what they have now and they have 1000 members (only guessing) then that equates to $90k per members. Thats some buying power if they wanted to close shop and spread their members around the other existing clubs in the east/south east area.

Jack.

Jack, are you suggesting they take the cash and spread it evenly amongst the membership who in turn find somewhere else to play?

I know if that was offered to me, I'd take it in a flash!



#45 Uncle_Leo

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Posted 23 November 2006 - 11:43 PM

QUOTE: judgesmails @ Nov 23 2006, 01:32 PM


Jack, are you suggesting they take the cash and spread it evenly amongst the membership who in turn find somewhere else to play?

I know if that was offered to me, I'd take it in a flash!

I think you will find that most clubs articles of association will preclude the members from getting any cash in the event of a sale. More likely, if/when a club closes shop, the proceeds are "donated" to a similar club in the area. Im not so silly as to suggest that Eastern would just close down and give the money to another club, but it does give them some capacity to appease any members who dont wnat to be part of the club at a new site (ie they would prefer to join somewhere else closer and the club could use some of the proceeeds to "sponsor" them in). Pie in the sky stuff probaby but it does at least show how much coin they are going to rake in if it all goes ahead.






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