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Rossdale Buying Capital Golf Club

Rossdale capital purchase

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#796 Forrest Gardener

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Posted 23 January 2019 - 09:51 PM

...

 

council block development of site

developer doesnt buy land

Rossdale dont get money from land sale

Rossdale doesnt have money to buy Capital

Rossdale struggle to survive.

 

There are of course two steps before council can block development. First is to find a developer. Second is for the developer to make an application.

 

Time is against the plan. Unless someone gets a wriggle on Rossdale is more likely to be forced to seek emergency assistance or vacate their site.


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#797 pegasus2357

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Posted 23 January 2019 - 10:18 PM

Not the Club Captain .. sorry to disappoint.
Some very bitter posters on here. The Dill, Pegasus , Kokhead Kiwi to mention a few.
You are all keyboard warriors who can’t hold their tongues & fingers.
Patience my dear followers


Oh precious really...
You are the one digging a very large hole and either refusing or being incapable of answering some really straight forward questions...
Wake up to yourself and look at the longterm damage you are doing to both clubs in this instance.... or maybe just put your head in the sand and hope that it will all be better when you pull it out...
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#798 *Mouldy

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Posted 24 January 2019 - 03:27 AM

Yet again the Spud can't answer simple questions put to him.

It seems like I'm hitting the ball out of the park every time I post.

Generally, criminals are not known for their intelligence. Is the whole Rossdale saga actually a plan to get control of the land by some not too bright locals.

I'm actually looking forward to the club's demise so we can see the next part of the saga. As Spud says, be patient.

who would want to be on Rossdale's BoM ? Not sure if D&O liability insurance covers people being stupid or not. I'm sure it doesn't cover criminal behaviour.
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#799 Commish

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Posted 24 January 2019 - 07:27 AM

Yet again the Spud can't answer simple questions put to him.

It seems like I'm hitting the ball out of the park every time I post.

Generally, criminals are not known for their intelligence. Is the whole Rossdale saga actually a plan to get control of the land by some not too bright locals.

I'm actually looking forward to the club's demise so we can see the next part of the saga. As Spud says, be patient.

who would want to be on Rossdale's BoM ? Not sure if D&O liability insurance covers people being stupid or not. I'm sure it doesn't cover criminal behaviour.

 

Geezuz Moulds... were you up all night out of concern for Spades plight??  You're a caring fellow. ^_^


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#800 Deege

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Posted 24 January 2019 - 07:44 AM

One of the people I spoke to on the weekend suggested that it was their understanding that the Capital negotiation would take up to 5 years.  There is a small section of land over which the developer they are currently in a relationship with has first option.  It was their understanding that this small section of land would be sold within the next 10 months to stave off the end and to allow the negotiation with Capital to go forward.  From recall, this understanding doesn't seem to have been reflected in the resolution that was voted on before Christmas so the member might have misunderstood, but it certainly would at least be practically achievable given the 10 month timeline that was flagged.


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#801 Commish

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Posted 24 January 2019 - 01:04 PM

Not much sense in having first option on a parcel of land that in the end will not be utilised unless the rest of the course gets rezoned for residential.  I suppose the developer may be prepared to wait up to 5 years in the hope that there are massive changes to council members and a rethink on their current practices.  But one would think any developer would want a better indication of his outlay paying future dividends than a possible maybe.  Capital may also get a better option in that time frame as well.  The wheel just keeps on spinning.


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#802 *Mouldy

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Posted 24 January 2019 - 02:26 PM

One of the people I spoke to on the weekend suggested that it was their understanding that the Capital negotiation would take up to 5 years.  There is a small section of land over which the developer they are currently in a relationship with has first option.  It was their understanding that this small section of land would be sold within the next 10 months to stave off the end and to allow the negotiation with Capital to go forward.  From recall, this understanding doesn't seem to have been reflected in the resolution that was voted on before Christmas so the member might have misunderstood, but it certainly would at least be practically achievable given the 10 month timeline that was flagged.


Why wouldn't the developer let them fall over first. Then the council and planning minister has to show their hands and maybe there will be a fire sale with approvals
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#803 Deege

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Posted 24 January 2019 - 02:36 PM

Not much sense in having first option on a parcel of land that in the end will not be utilised unless the rest of the course gets rezoned for residential.  I suppose the developer may be prepared to wait up to 5 years in the hope that there are massive changes to council members and a rethink on their current practices.  But one would think any developer would want a better indication of his outlay paying future dividends than a possible maybe.  Capital may also get a better option in that time frame as well.  The wheel just keeps on spinning.

 

Apparently the same developer already purchased a small lot of land from Rossdale some years ago and has developed it.  So he might be prepared to take a punt on another small lot on the edge of the course or might have an indication that they are likely to approve that for development even if they say no to the rest of the course.

 

FWIW, if push came to shove, I think that the council would take a different position in relation to the RGC land and would permit development.  It is literally just next door to extensive existing wetlands which are never going to be developed and will remain recreational land, so there is no real argument that it is necessary to retain recreational facilities. And you'd have to think that all of those new ratepayers would be a fairly attractive proposition rather than a golf course going broke.

 

It will, however, take forever for them to turn around on it, and they would want to make sure that any other potential golf course re-zonings were dealt with before they permitted it.


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#804 Deege

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Posted 24 January 2019 - 02:41 PM

Why wouldn't the developer let them fall over first. Then the council and planning minister has to show their hands and maybe there will be a fire sale with approvals

 

I don't know what sort of corporate structure Rossdale operates under, but if the club falls over, the developer would be dealing with a liquidator rather than the council.  And while sometimes you get a steep discount on a liquidator's sale, I expect any external administrator would be happy to take their time with the negotiation and spend some of that money coming in.


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#805 Kiwi

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Posted 24 January 2019 - 03:04 PM

Speaking of smaller.
Hi.


Hello opussum
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#806 Kiwi

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Posted 24 January 2019 - 03:05 PM

Board do bad. They go to court.


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#807 Kiwi

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Posted 24 January 2019 - 03:14 PM

Spade
I am checking with you because
 
Please read the article again it clearly says 
quote: 1
The Kingswood decision rested on the Kingston Golf Course Policy and on the strong Special Use Zone (schedule 1): this would/should also stop any subdivision or development other than golf on Rossdale: The link to SUZ is:http://planning-sche...mes/…/37_01.pdf
 
quote 2
State MLA Martin Pakula submitted along similar lines: powerful precedents that the Rossdale board should not expect any support from the Government in overturning a Council refusal. 
 
would you agree that council decision holds key to this whole outcome. Y or N
 
I just asked have you had any luck in negotiations with the council or state MP's. Yes or No


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#808 Kiwi

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Posted 24 January 2019 - 03:16 PM

I may have to go to this joint and froth the bunkers up
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#809 Commish

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Posted 24 January 2019 - 05:51 PM

Apparently the same developer already purchased a small lot of land from Rossdale some years ago and has developed it.  So he might be prepared to take a punt on another small lot on the edge of the course or might have an indication that they are likely to approve that for development even if they say no to the rest of the course.

 

FWIW, if push came to shove, I think that the council would take a different position in relation to the RGC land and would permit development.  It is literally just next door to extensive existing wetlands which are never going to be developed and will remain recreational land, so there is no real argument that it is necessary to retain recreational facilities. And you'd have to think that all of those new ratepayers would be a fairly attractive proposition rather than a golf course going broke.

 

It will, however, take forever for them to turn around on it, and they would want to make sure that any other potential golf course re-zonings were dealt with before they permitted it.

 

Thanks Deege.  You're not even a member but provide a more rational response with alternate possibilities that may or may not be of consideration down the track than Spade. 


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#810 Francie

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Posted 24 January 2019 - 06:01 PM

I may have to go to this joint and froth the bunkers up


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