Bank has buyer for Meadows
Greenfield’s Mayor William Martin is interested in the town buying the Meadows Golf Course in Greenfield. Recorder/Paul Franz Purchase photo reprints »
GREENFIELD — The bank that owns the 80-year-old, 50-acre Meadows Golf Course on Deerfield Street has a signed purchase and sale agreement with someone, but won’t reveal whom.
That would seem to take the property out of consideration — again — for extensive use by the town.
Nonetheless, Monica Curhan, senior vice president and marketing director for Florence Savings Bank, said having a signed purchase and sale agreement does not make the sale a done deal. She said there is still a lot to be done before someone takes ownership.
Late last year, Mayor William Martin went to Town Council asking that it back his plan to negotiate a purchase of the property for the town. The council gave its blessing, telling Martin to return with a purchase price for its approval.
Martin said the golf course, which was flooded and badly damaged when Tropical Storm Irene pummeled parts of Greenfield in 2011, could have become home to a range of possibilities like open space, a park, a dog park or a skate park.
A few months after Martin got the council’s “go-ahead,” he learned the bank had a purchase and sale agreement with someone and that ended negotiations. But, that sale fell through shortly after and the mayor resumed negotiations with the bank.
“It has been confirmed that someone from the eastern part of the state has signed a purchase and sale agreement,” said Martin, who would not reveal the name of the person or company or what their intentions might be.
Martin has said all along that he would like the town to be able to purchase at least a small piece of the property, which is adjacent to the town’s sewage treatment plant, so if the federal government ever mandates that the town has to install another tank there, it won’t have to take the land.
The nine-hole golf course is assessed by Greenfield at $552,098. It was listed on loopnet.com, a commercial real estate listing website, for $570,000.
The most recent owner had been Terri White.
After Irene, White decided to rebuild, but kept saying there was “so much work to be done.”
White, who bought the Meadows in late 2008 or early 2009, told The Recorder in September 2011 that she didn’t have flood insurance and that the entire golf course ended up under water after Irene, destroying the course and some of the clubhouse.
Golfers never got back on the course until later in 2012 and then they couldn’t play every hole.
Martin said there aren’t a lot of things, other than a golf course or a park, that can be done with the property because it is on a flood plain.
He said because some of the property is considered “recreational chapter land” by the state, the town, just like in the past, will have first right of refusal if this sale falls through.
Martin said he would prefer to see an individual or company buy the property and put it back on the tax rolls, though the town currently collects only about $12,000 a year in taxes for the property.
Gary Noga, Daniel Majewski and John Stacy owned the golf course for 15 years until they sold it to Alexandra and David Nunez in 2005 for $1.2 million. In 2008, there was a foreclosure sale and the course never reopened that year.
Martin said he has been talking with the potential buyer.