In previous stories regarding the Pemberton Valley Golf and Country Club, Pique reported that the course is in receivership. The board of directors resigned in August, leaving the Royal Bank to collect revenues, pay bills and wages, and keep the course open, but the bank has not assembled the paperwork to officially put the course into receivership.
A previous article also stated that the course debt was $415,000, when in fact it is $1.1 million. That includes $550,000 owed to the bank, some operational debt, and debt to member loan holders that provided the course funding during a previous crisis.
There are a few paid staff members remaining to help prepare the course for winter. According to head golf pro Dave Callum, the Royal Bank of Canada is not directly overseeing those preparations, but are deciding how money is spent.
“Dave Gottselig, the superintendent from Whistler Golf Club, helped out tremendously and did the irrigation blowout last week, but the course has not received treatments such as fungicides and aeration of the fairways and greens that are required to properly bed a course for the winter,” said Callum.
Callum also suggests that there are as many as a dozen individuals and groups interested in purchasing the course once Royal Bank completes the paperwork, appoints a receiver, and puts the course up for sale.