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A multi-million dollar offer has been made by a developer for Markham, Ont.’s York Downs Golf and Country Club. However, according to the Toronto Star, Leonardo De La Fuente, the club’s general manager and chief operating officer (COO), said there is no urgency or necessity to sell.

The club has hired real estate firm Colliers International to canvas the market for rival offers. De La Fuente said he thinks they could get between $1.2 and $1.3 million an acre, which could amount to more than $250,000 per person. The funds could also be used to build a new course and clubhouse in the future.

De La Fuente told The Star they are growing and considering building more golf holes since the course has 100 undeveloped acres.

“Markham is growing faster than anywhere else,” he said. “The city is building, growing, intensifying. And with that comes more golfers.”

The development offer is scheduled to go to a membership vote on July 9. Currently, membership is closed while the club considers its options.

De La Fuente told Canadian Groundskeeper he cannot comment right now, but he has issued a statement:

As one of the leading private golf clubs in the Greater Toronto Area, York Downs Golf and Country Club covers more than 400 acres in the heart of Unionville. Anticipating interest from developers, the board of directors at the time established a process for assessing offers to purchase club land while protecting the interests of members.

Last year, the club received an unsolicited offer to purchase land that the board of directors presented to members. With membership support, the board of directors has engaged Colliers International to solicit competitive bids until July 9, 2014.

This is one step in an ongoing process the club is leading to ensure relevant and accurate information is available. Any decision to sell club land must be approved by the board of directors and members.

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