The story stems from the sale of York Downs for $440-million, and the other courses across the country that are in the process of being sold. Frankly I’d find another course being sold practically every day—some track I’d never heard of that was sold for development. And then, just days after I wrote the story, Cardinal Golf Club, near the 400 Highway north of Toronto, sold for a reported $40M. The talk is this is a foreign buyer and he’s been making offers around the province.
In all, there are no great courses disappearing. That’s my takeaway. York Downs sold its great course nearly 50 years ago and moved to one far less distinguished.
That said, I expect sometime soon another “great” course could well sell, especially if the CRA gives York Downs a positive assesment that works for its members.