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re: The Island closing for good
Posted on 9/17/20 at 11:01 am to icegator337
Posted on 9/17/20 at 11:01 am to icegator337
For those keeping score at home- "a local group" won.
quote:
Wilbert’s Sons LLC, a family-owned and operated land management company, sold The Island Golf and Country Club in Plaquemine to Bultra Properties earlier this week.
The Wilbert family acquired the property in the ‘90s as part of an investment and made the decision at the end of 2019 to sell the property. The country club has been closed since April 1 as a safety precaution due to the pandemic, and it’s currently unclear when it would reopen.
The sale of the 160-acre community includes the golf course, club shop, restaurant, and tennis and swimming facilities. The sale price was not disclosed per an agreement.
Chris Reeves of Bultra Properties says he and his two partners have deep ties with the Plaquemine community—two of them were born and raised there and the third married into the community.
Bultra Properties has hired a community designer to see what changes could be made to the property, according to Reeves, and will engage with the roughly 190 homeowners in the golfing community on possible plans.
“We didn’t want to see it go to waste,” Reeves says. “We just want to see that community prosper. It’s that simple.”
Posted on 9/17/20 at 11:14 am to The Johnny Lawrence
sounds like a win for the residents
Posted on 9/17/20 at 4:01 pm to The Johnny Lawrence
quote:
For those keeping score at home- "a local group" won.
I'm definitely keeping score at home, because I can't freaking keep score at The Island right now, and it's been 6 damn months this has dragged out...in the best golf climate in the past 20 years.
Posted on 9/18/20 at 8:51 am to The Johnny Lawrence
Wait, so the guy managing the company that was selling because the course was losing a million a year sold it to his son?
Posted on 9/18/20 at 9:28 am to Gorilla Ball
I guess it doesn't specifically say it but Ed Reeves worked for A. Wilberts until elected mayor and was the spokesman on the closure. Chris is his son.
Posted on 9/18/20 at 2:02 pm to El Jefe
quote:
Wait, so the guy managing the company that was selling because the course was losing a million a year sold it to his son?
Have to reset the sales price amortization figure so the million dollar annual loss can offset taxes??
Posted on 9/18/20 at 9:26 pm to MikeD
Maybe so, just seems like they would not have waited 6 months to do so. I drive by every day and that course is gonna take some work.
Posted on 9/20/20 at 7:24 am to El Jefe
Good for Chris and his partners. Chris is a great guy and wants the golf course to stay.
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