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re: The Island closing for good

Posted on 9/17/20 at 11:01 am to
Posted by The Johnny Lawrence
Member since Sep 2016
2202 posts
Posted on 9/17/20 at 11:01 am to
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 by icegator337
Lafayette
Member since Jan 2013
3655 posts
Posted on 9/17/20 at 11:14 am to
sounds like a win for the residents
Posted by In The Know
City of St George, La
Member since Jan 2005
5921 posts
Posted on 9/17/20 at 3:24 pm to
This is good news
Posted by BMoney
Baton Rouge
Member since Jan 2005
16662 posts
Posted on 9/17/20 at 4:01 pm to
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 by El Jefe
_______(\___ southeast of disorder
Member since Jan 2004
1228 posts
Posted on 9/18/20 at 8:51 am to
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 by Gorilla Ball
Member since Feb 2006
12444 posts
Posted on 9/18/20 at 9:09 am to
Where does it say this?
Posted by El Jefe
_______(\___ southeast of disorder
Member since Jan 2004
1228 posts
Posted on 9/18/20 at 9:28 am to
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 by Gorilla Ball
Member since Feb 2006
12444 posts
Posted on 9/18/20 at 10:35 am to
Gotcha
Posted by MikeD
Baton Rouge
Member since Jan 2004
7893 posts
Posted on 9/18/20 at 2:02 pm to
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 by El Jefe
_______(\___ southeast of disorder
Member since Jan 2004
1228 posts
Posted on 9/18/20 at 9:26 pm to
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 by BallChamp00
Member since May 2015
7059 posts
Posted on 9/20/20 at 7:24 am to
Good for Chris and his partners. Chris is a great guy and wants the golf course to stay.
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