The Country Club Membership Association for Fords Colony has been notified that a Purchase and Sale agreement has been signed with an un-named party for the sale of Fords Colony Country Club in Williamsburg, VA.
Mr. Richard Curlin at Prudential stated “ The agreement allows for a “due diligence” time period of 45 days followed by a closing time period of 30 days. So, if all would proceed according to plan, The Country Club could be under new ownership by the end of October 2012
At this time the buyer has not been announced but should be soon.
Surveyors have been working around the golf courses over the past month. They are in the process of re-affirming the boundary lines of the property in anticipation of an eventual sale. Additionally, the Marsh Hawk bunker renovation project has been delayed, awaiting the outcome of the sale negotiations.
Curlin has confirmed that the bunker renovation project will be specifically addressed as part of the sale contract or be undertaken by current ownership as originally planned if the sale does not go through.