Bonita Bay Golf Club Is Now Owned By Members
Post By: Melissam
Southwest Florida’s largest golf club is now owned by its members. The club's developer, Bonita Bay Group, and the Bonita Bay Club Turnover Committee completed the sale of club assets to the members for $11.5 million in cash.
The money for the purchase came from the members of the new club. Nearly 1,900 people joined the new club, exceeding the expectations of the Turnover Committee, which handled the negotiations for members. "The Turnover Committee is extremely grateful to the members for their enthusiastic support throughout the turnover process," said Cynthia White of the Bonita Bay Club Turnover Committee. "Our members are excited about our club’s solid financial future."
The sales agreement includes 90 holes of championship golf, including three Arthur Hills-designed courses within the community and two nearby golf-only Tom Fazio courses, two clubhouses, three practice facilities, an 18-court tennis and swim center and a fitness center.
Monday, April 19, 2010
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