Monday, June 11, 2007

The News-Press: Cape Coral

The News-Press: Cape Coral: "Owner of Cape golf course targets city as buyer
By Pete skiba
pskiba@news-press.com
Originally posted on June 04, 2007"

A memo from Cape Coral’s City Manager Terry Stewart to the mayor and city council today said the owner of the Executive Golf Club wants the city to buy his nine-hole course.

Stewart listed no price in the three sentence memo. he did want to know what direction the city council would like him to take on the proposal.

Mike Hayes, the club’s owner had a plan to build residential condominiums on the course. He reconsidered the plan when club neighbors became upset.

In March Hayes said that he needed the money the condos would bring in to rehabilitate the 45-year-old course. At that time he said he would need $1 million to close down and replace irrigation lines, pumps and the greens among other replacements.

No comments: