Crimson Ridge Scores Hole In One With New Development Plans
Craig Huckerby for local2 sault ste. marie
August 14th, 2012 at 10:16am
You can expect to see some major development at Crimson Ridge Golf Course on Fourth Line.
The once troubled award winning golf course which was sold to Maple Leaf Forest Products this Spring received approval Monday night to build phase one of a new residential development.
Council gave the green light to 50 condominiums to be built along the drive way leading into the golf course.
Maple Leaf Forest Products is expected to have the shovel in the ground soon - though no official date was confirmed Monday night, the development will include a combination of single , semi-detached and multiple attached (townhouses) .
The development will be serviced through municipal water and sewer which currently exists for residents on Fourth Line, an extension of city services was sought and given approval .
The 335 acre property was sold this past spring estimated at $1.9 million after after the golf course fell into receivership. When the golf course was built about 10 years ago at a cost of close to $6 million. A residential development was planned at that time but never moved forward due to red tape regarding Provincial rural development policies . Most golf courses are tied to residential developments to ensure profitability. Crimson Ridge barely survived being a stand alone recreational facility.
The Golf course however is listed as one of the best golf courses in the province ranking 13th overall.
Though no break down on the planned residential development was disclosed, it's estimated to be about a $10 million investment to the property.