The Transylvania Times -

Josh Leder Has Option To Buy Glen Cannon Country Club - Brevard NC

 


Local developer Josh Leder has until the end of May to exercise an option to buy the Glen Cannon Country Club.

Leder, who owns the Brevard Lumberyard, has declined to comment until a final decision is made.

Great Oak Pool I, LLC, a Hudson Realty Capital corporation, bid $840,000 at a March 20 auction on the steps of the Transylvania County Courthouse for the property. The company also bought for $50,000 the clubhouse’s contents and the maintenance equipment during an April 14 sale at the courthouse.

In an email to club members and Glen Cannon property owners, former club president Alex Brannon said, “golf is still a possibility but by no means a certainty” for the property.

“We can only hope whatever the eventual plans for Glen Cannon are they will be in the best interest of the community, as well as Mr. Leder,” Brannon said in the email. “There are many of us who believe the availability of golf as an activity that does not reside in the confines of a gated community or in another county is an important ingredient for the future growth and development of Brevard and Transylvania County. We can only hope our elected officials, our business community and the new owners of Glen Cannon will come to the same conclusion.”

Glen Cannon, which features an 18-hole, 6,548-yard layout and offers golfers scenic views of mountains and waterfalls, first opened as a private club in 1965. Eventually it changed to a semi-private club offering several amenities to the community, including a pool and the large clubhouse that was often reserved for special events.

Although Glen Cannon was an extremely successful and lucrative club in 1980s and 1990s, the club had fallen on rough financial times in recent years as membership and revenue waned. Despite trying multiple avenues to try and stay afloat – including hiring a national golf course management company to oversee the club as well as attempting to recapitalize the club by issuing additional shares of stock – Glen Cannon officially closed its doors last December.

At the time, Brannon said the club needed between $900,000 and $1,000,000 to sustain the operation and added the club was facing “considerable debt.”

 
 

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