Golden Valley Country Club to Remain Member-Owned
GOLDEN VALLEY, Minn. (PRWEB) January 12, 2018 -- The membership of Golden Valley Country Club voted to retain ownership of the club after a vote on Thursday December 28. The 2017 Board of Directors had presented the opportunity to approve the proposal for the sale of the club to Concert Golf Partners at this meeting. Recognizing the tremendous assets that Golden Valley Country Club possesses, the membership determined to continue to be self-managed and retain its exclusive appeal as a private club. This vote means that the club will remain member-owned and managed.
Is this the start of MN golf's feel good story of the year? Arguably the most resilient private golf course in Minnesota, Golden Valley Country Club, has once again bounced back! Faced with a possible sale of the club, members banned together, devised a plan, and raised the capital needed without assessment to the membership. This story of resilience is what has made the Golden Valley Country Club membership so unique. In the 1930’s membership had sharply declined and it was Austen Cargill who stepped in, became president and through the generosity of numerous loans to the club, saved it from its first match with extinction. In 1940, the club went into receivership when 46 investors won the bid to keep the club alive. Faced with financial issues in 1950, the club was sold and later bought back in 1954 where they held a mortgage burning party.
According to Club President Drew Fernholz, “Contrary to published reports, Golden Valley Country Club is not bankrupt, nor are we approaching bankruptcy. GVCC offers a rare and much sought after A.W. Tillinghast (Tilly) course, a beautiful club house, clay tennis courts, pool, central Twin Cities location, a rich and vibrant culture, and an incredibly talented and dedicated staff. These assets all make Golden Valley Country Club a top tier club and this vote shows that our membership is committed to maintaining its ownership and getting the club back to prosperous times.”
Entering their 104th year, Golden Valley Country Club has taken the opportunity to evaluate the changing landscape of the golf and country club industries. Recognizing the tremendous value of the course’s designer A.W. Tillinghast, the club has hired award-winning golf course architect and Golden Age golf course restoration expert, Keith Foster to complete the golf course master planning project.
This, along with additional proposals for improvements to the Club, continue to keep Golden Valley Country Club on the leading edge. Additionally, the Board of Directors approved a new “Friends and Family Plan” offering new initiation opportunities that make the club even more attractive to prospective members. This is a limited time offer as the club enters the membership drive season. From what we have heard it’s an insane offer.
About Golden Valley Country Club
GVCC was established in 1914. In 1926, famed architect A.W. Tillinghast (Baltimore CC, Baltusrol, Winged Foot, and the San Francisco GC) supervised a major renovation. Tillinghast’s new 18 hole, par 73 course opened in 1928.
Golden Valley Country Club enjoys an impressive pedigree of championship golf, having hosted state opens and major men’s and women’s amateur championships. Notable members include PGA Tour Champions Professional, Rocco Mediate, winner of the 2016 Senior PGA Championship, Jesse Bull, winner of the 2014 Minnesota Golf Association Amateur Championship, and Jerry Gruidl, winner of the Minnesota Senior Triple Crown in 2002.
More information can be found at the club’s website, http://www.goldenvalleycountryclub.com
Drew Fernholz, Golden Valley Country Club, http://www.goldenvalleycountryclub.com, +1 952-215-7137, [email protected]
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