Eastern Golf Club
Posted 10 August 2009 - 06:50 PM
Posted 16 August 2009 - 09:47 PM
Posted 17 August 2009 - 06:54 AM
Posted 17 August 2009 - 10:38 PM
Posted 23 August 2009 - 09:47 PM
If it's only worth half of what they're quoting then you're going to end up with something like the new Croydon (Yering Meadows) and I wouldn't wish that apon anybody. From what I've heard, the board and management at the club are a pretty switched on group. Apparently they've hired the right people to look after it so from what my friend(s) there have told me the original figure being bandied around of $90mil+ still stands. I don't know any of the board or management though so this is probably just their speculation. Having said that though, I did read somewhere that it's the biggest single parcel of land to come up for sale in metropolitan Melbourne for quite some time. The last one was some quary out in Roweville or somewhere about the same size and that went for $100 mil...
I would have thought they would take all that into account? Even I know you can’t just chop down trees willy nilly and you have to have a certain percentage as ‘open space’ etc for any housing development.
If it is only worth 40-45 then forget about a good track at Yering.
Posted 24 August 2009 - 05:41 PM
Posted 24 August 2009 - 06:25 PM
Mid-September I think. Not 100% sure tho.
The Buz is that less than half of the clubs land can actually be developed so maybe the $40m/45m isnt far off the mark? Interesting? We will just have to wait and see? When does the tender close?
Posted 24 August 2009 - 07:43 PM
Posted 25 August 2009 - 02:10 AM
Posted 02 September 2009 - 07:45 AM
Incorrect. The figure is still $60mil to have it all up and running (including purchase price of the land). The costs of construction may or may not increase when the club knows exactly how much they get for Doncaster and thus what facilities they can or cannot build. $60 mil will get the land / course / clubhouse etc done and any additional cash will be put into extra features (tennis courts / pool / gym / etc).
I think that should be “site”
I’m not so sure, we will wait and see! But equally disturbing is that there must already be a MAJOR cost blow out regarding the relocation, as the advances the Club is now seeking to develop the Yearing Course has increased from $60m to $74m and I hear, RISING.
Posted 02 September 2009 - 08:17 AM
I like the sounds of that!
$60 mil will get the land / course / clubhouse etc done and any additional cash will be put into extra features (tennis courts / pool / gym / etc).
You’re goin’ home in the back of a divvy van
Posted 02 September 2009 - 06:23 PM
Posted 04 September 2009 - 08:55 AM
From what I’ve heard, the board and management at the club are a pretty switched on group. Apparently they’ve hired the right people to look after it so from what my friend(s) there have told me the original figure being bandied around of $90mil+ still stands. I don’t know any of the board or management though so this is probably just their speculation.Is it the same board that was going to pay way over the odds for Kingston Links? How many Saturdays were lost to fog at Croydon this year? Just curious.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users