After years of trying to sell, Armstrong’s Royal York Golf course has officially announced it will be closing its fairways after next season.
Having served the community for 28 years, the operators reached out to its clients to explain why the decision had been made.
“Unfortunately, the golf industry is suffering a serious decline in rounds being played and course owners and operators are having to make some difficult decisions. With banks making the unilateral decision that the golf industry is a bad investment, potential buyers have no borrowing capacity.”
The York family also extended a thank you to its patrons, letting them know that they had hoped to stay open but have been suffering due to lack of membership numbers and walk-in rounds continually decreasing.
“As you can well imagine, this is difficult news to deliver, both to our players and the neighbourhood in general. We realize this will have no small impact but no one is saddened more than we are. Its been a wonderful 30 years for my family thanks to all of you.”
Despite a decline in numbers and profit, the Yorks said the decision came after being unsuccessful in finding a buyer that fit the qualities that would allow a seamless transition.
They have announced that they have found one that fits their criteria: N&T properties, an Okanagan-based company.
“Their intention is to create a residential opportunity that respects the neighbourhood and the natural beauty of the property by incorporating lots of green space, linear parks and recreation opportunity.”
However, in the meantime, they have assured the community that nothing will change.
“A project of this scope takes time to plan and execute so we will be open for the 2019 season with an option to continue operating subsequent seasons until N&T is prepared to begin construction.”
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