Highly Rated Tobiano Golf Course For Sale, The Vancouver Sun
This article appeared on the Vancouver Sun on June 19th, 2012 and was written by Jeff Lee.
One of Canada’s best golf courses, the Tobiano Golf Course on Kamloops Lake, has been put up for court-ordered sale for $5.5 million.
The Thomas McBroom-designed 18-hole course, ranked as the sixth best public course in Canada and No. 16 in SCOREGolf’s Top 100 courses in Canada, was seized by the Business Development Bank of Canada last year after developer Mike Grenier was ousted by two banks that placed his overall Tobiano Resort complex into receivership.
The adjacent resort continues to be administered by a receiver acting for BMO. But in May B.C. Supreme Court allowed the Crown-owned BDBC to proceed with a sale of the golf course because it had specific guarantees tied to the golf course lands. .
Vancouver-based NAI Commercial Real Estate, which just listed the golf course on Multiple Listing Services, says the 231-acre golf course includes a clubhouse, pro shop and licensed 120-seat restaurant, course maintenance facilities, paved roads and parking.
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