Charbonneau driving range sale falls through
Club says HOA caused deal's collapse
The Charbonneau Golf Clubs plans to sell its driving range to developer Lennar Northwest came to an unexpected halt last week when Lennar announced that it will not pursue the deal after all.
Charbonneau Golf Club, Inc. (CGCI) had announced at a shareholder meeting in February that it would sell the driving range in order to help keep the course financially solvent in the future. Participation in golf has been on the decline nationwide, and selling the driving range would allow the club to create a cash reserve.
The proposed sale price has not been disclosed. However, CGCI Treasurer Lee Zinsli wrote in the March edition of the Charbonneau Villager that the sale will earn the equivalent of 105 years of driving range profits in one transaction. The club hoped to wrap up the sale by the end of the year.
Lennar in turn said that it planned to build between 36 and 38 single-family homes on the property, and stressed that the new neighborhood would blend in with the existing one. Design was to be guided by public input, the City of Wilsonville and Lennars wishes for the development, CGCI president Dale Owen told the Spokesman.
Owen said that some homeowners were concerned that their input on the new neighborhood would not be given due weight, however, leading to the deals collapse.
During the approval period, one homeowners association in Charbonneau put forth a list of demands directly to Lennar outside the normal process, Owen said. The HOAs threatened opposition increased Lennars perception of risk. It is the belief of the golf clubs negotiating team that these new concerns restricted Lennar from moving forward.
Owen said that CGCI had been in conversation with other builders prior to signing an agreement with Lennar, and that it has reopened some of those talks.
There are processes in place, both in Charbonneau and with the city, to protect the look and feel of our community, Owen said. Individuals and groups will have every opportunity to voice any concerns and provide feedback.
We are disappointed in this result after many long hours of work, research and negotiations. It is our hope that a new solution will bring us to an even better place.
Contact Jake Bartman at 503-636-1281 ext. 113 or firstname.lastname@example.org.JW_DISQUS_ADD_A_COMMENT