Submitted. Abbotsford City Council has renewed its lease with the Ledgeview Golf and Country Club Society for a term of five years with three additional five year renewal terms, commencing on January 1, 2015, announced Mayor Bruce Banman today.
Editor’s note: This despite reports the high-end country club continues to lose money.
Ledgeview Golf Course, which is owned by the City of Abbotsford and open to the public for golf, is located in a spectacular setting on Sumas Mountain with panoramic views of the Fraser Valley. The golf course and clubhouse occupy approximately 115 acres north of McKee Road in Abbotsford and the course has been rated in the top 20 full-length Golf Courses in BC by the Province of BC.
“The City has leased the golf course and facilities to the Ledgeview Golf and Country Club, a not-for-profit society, for the past 33 years,” said Banman. “This lease renewal provides an opportunity for those members and other wanting to renew or engage in an annual membership with Ledgeview with the certainty they need to do that.”
The renewed lease agreement sees the Society continuing to operate the facility on behalf of the City with the City receiving revenues in the form of rent and profit sharing. The long term lease agreement provides to the City competent stewardship of a much needed and well regarded municipal recreational facility.
“We are thrilled the City has renewed its lease with us for the continued operations of Ledgeview,” said Society President, John Hambley. “We are committed to the ongoing success of the facility and look forward to providing excellent golfing experiences through memberships and daily green fee rates to Abbotsford residents and visitors to the city.”Ledgeview Golf and Country Club has operated since 1963. The course has been a tourism destination for Abbotsford residents and visitors for many years and provides an excellent 18-hole experience. Ledgeview hosts over 50 charity tournaments and banquet functions a year and over 17,000 rounds of golf for the general public each season.
“The success of Ledgeview is owed to the hard work of the volunteers of the club,” said Banman. “The members have committed countless volunteer hours and have invested significant capital and rent into this club and we all want to support its ongoing success.”
edited 9/16/14
If it is such a success, why is it a money loser ?