Due to its non-profit status, the 90-year-old Washington Courthouse, Ohio club cannot be purchased by anyone currently associated with the organization.
Non-profit organization Washington Country Club in Washington Courthouse, Ohio, is up for sale, the Washington Courthouse Record Herald reported.
The 90-year-old club has suffered from financial struggles for some time, said Doug Martin, Treasurer of the Board of Trustees.
“An ongoing negative cash flow is creating debt and the financial situation is not showing signs of reversal,” Martin said. “Rather than reaching an unmanageable level, we are seeking a new way to manage it so it can remain a golf course.”
The club is looking to find a buyer who intends to keep the property as a golf course, which Board of Trustees President Ken Darling said would benefit the community, the Record Herald reported.
“We have explored all of our different options. This is the one that is the best solution for the organization,” Darling said. “We asked our membership and they concurred.”
Some potential buyers who have expressed interest in the property have alternative motives for the land.
“There have been interested parties making contact concerning availability,” said Martin. “We have not and will not entertain parties that do not wish to keep it as a golf course.”
Because of the club’s status as a 501c7 non-profit organization, no one associated with the club is permitted to purchase it, the Record Herald reported.
Board members approached the Fayette County Board of Commissioners seeking grant money to help the club, but were told no funds were available. The course has not officially been listed or advertised as for sale, the Record Herald reported.
“With this being the height of golf season, if this were to change hands, it would be preferred to do so during the golf season,” said Martin. “Although we fully intend to stay open as a golf course (and restaurant) until the transition takes place.”
A sale price for the property has not yet been established.