The Dinosaur Golf and Country Club will be sold to Electra Holdings, a private investment firm from Vancouver B.C.
A vote on the matter was held at an extraordinary special meeting at the club on Thursday evening, October 24. With some 80 present, the decision to sell the course and all chattels passed a secret ballot 63-3.
The course has been mired in debt for the past number of years, and the sale amount will be enough to relieve the operation from the accumulated debt owed to lender ATB Financial.
According to Electra Holdings spokesperson, Art James, the company will maintain the property for 10 years after taking possession, as an 18 hole golf course. Immediate plans are to move in a building to act as a pro shop, locker room, and storage area. The current clubhouse will be renovated and upgraded to a better standard, the entrance off the Dinosaur Trail will be upgraded as well, and a plan is afoot to move the forward tee on hole number 1, and a putting green will be added.
This sale will see the end to all classes of member's shares according to club president Mike Yavis.
Current General Manager Greg Morrow will continue in that role with the new owners.
