Since the festival not much has been going on.
Finance is all organised. Light fittings have been chosen. All we are waiting for is title registration by the developer.
We've had our final meeting with Anita at Wisdom to confirm all our variations and colour selections. The file has gone to Estimating. Anita said that once we have a date for title registration - they need 5 days before they start on site. I'm amazed at how quick that is!
So have your fingers crossed that we get title registration and settlement dates soon!
Oh - and I didn't get to meet Greg Norman :( I did see him a few years ago at the Aussie Open at Royal Sydney.
Stonecutters Ridge hosting the NSW Open
11 years ago
Posts
have you herd the that they have pulled out of the ashlar deal? was playing golf there yesterday and it was all the talk. apparently the macquarie bubble bursting is going too mean lots of changes
ReplyDeletePerry, what changes are you referring?
ReplyDeleteThink anything that costs money. Golf, clubhouse, security. Ask the medallist team directly. panic is on.
ReplyDeletePerry - sorry for the late reply! I'd heard that Macquarie/Medallist/UPL were getting sick of being jerked around by the club and were thinking of pulling the plug. Really - what could Ashlar do - sue them? (and where would they get the funds to do that!)
ReplyDeleteI know a few members and will be listening for news in the next week.
"was all the talk" just about sums up the total of accurate information Perry Presented:
ReplyDeleteMay be the local paper has a more accurate view ? or maybe Perry actually knows 2/5s of FA
Golf club on course for battle
BY NICK SOON
3/03/2009 1:00:00 AM
A PROPOSAL which could see Ashlar Golf Club management taking over the new Greg Norman-designed golf course at Colebee is believed to be temporarily bunkered.
It is believed that Ashlar officials are demanding $10 million on top of a proposed facility exchange.
It also wants a guarantee that the memberships of current Ashlar golfers will be frozen at current levels for at least three years after they start playing on the new course.
The general managers of both organisations were scheduled to resume negotiations last week but the meeting was postponed.
The Colebee course is run by Medalist Development, part of Macquarie Group's joint venture with Norman's Great White Shark Enterprises. It is situated within the $650 million Stonecutters Ridge golfing community project.
Both Paul Hedge, state general manager of Medalist Development, and Craig Scott, general manager of Ashlar Golf Club, confirmed negotiations would continue.
When contacted, they declined to talk about the latest development, other to confirm that serious negotiations began late last year.
Both men also said they were confident of producing a plan that would be approved by their respective board of directors.
They said the changes would be made before the opening of the new golf course in March next year.
But a senior Ashlar Club member (who preferred not be be named) said that most members would oppose the plan in its original form, which was merely a swap of assets, after learning from real estate agents that Ashlar would be worth $30 million after rezoning and subdivision approvals.
``They overlooked the fact that Medalist had sought a swap mainly because they couldn't be bothered to look for new members and qualified people to run their golf club,'' he said.
``I heard Medalist is now talking with other golf clubs in the area.''
The source said he believed most of Ashlar's 400 members would have supported a straight swap if the plan was presented to them last December.
In a recent letter to members from Mr Scott, Medalist offered full ownership and control of the Colebee course (double Ashlar's land holdings of 144 hectares) and new facilities, worth about $25 million.
Medalist in turn would take over the Ashlar site, said to have a value of $18 million, before possible rezoning for housing and commercial developments.
Mr Hedge recently admitted some sort of housing could be considered given the site's proximity to the Blacktown CBD and the station and Blacktown Council's desire to revitalise the area.
Did they send yours to estimating before settlement on the land? they wouldn't with ours, we waited on the land settlement before signing final papers.
ReplyDelete