The sale of Boca’s western municipal golf course most likely won’t close until Oct. 31, 2020.
That means no official date has been set to shutter the muni. So the course on Glades Road west of Florida’s Turnpike remains open for play.
Both the city and GL Homes, the buyer, verified the new proposed closing date will be on a council agenda later this summer.
“The purchase contract needs to be amended and we hope to have that on the July agenda. But…the idea is to extend the contract for a year, plus two additional six-month extensions if agreed upon by the parties,” said Chrissy Gibson, communications and marketing manager.
GL Homes extended the due diligence to the end of September at council’s meeting Tuesday, confirmed GL vice president Larry Portnoy.
City Council authorized the sale of the 200 acres for $65 million dollars on Nov. 14, 2017.
Proceeds will be deposited into a special fund until there is policy direction on how the money should be spent, according to the city.
The effective date of the contract was Nov. 27, 2017. The original closing date was no later than 18 months from effective date.
GL Homes has since agreed to waive the timing to coincide with the opening of the new public golf course in Boca Teeca.
But after a second look at their workshop Monday, city council didn’t approve the layout or agree to a $20 million asked by the buyer, the Greater Boca Raton Beach & Park District. That further delays construction.
So the district is expected to raise the issue again at the regular public meeting 5:15 p.m. Monday June 17 at the Swim & Racquet Center building at 21626 St. Andrews Blvd., Boca Raton.
By Marci Shatzman