The Saginaw County Mental Health Authority bought the Saginaw, Mich., club’s building for $280,000. The golf course remains under the ownership of First State Bank and is unlikely to open in 2012.
The former Germania Town & Country Club building has been purchased by the Saginaw County Mental Health Authority for $280,000, though the future of its 135-acre golf course remains uncertain, Michigan Live reported.
The Saginaw, Mich., club closed in 2010 after defaulting on its mortgage and seeing its membership drop from a peak of 1,300 to 195. The course opened briefly to the public in 2011 under the management of Jim Gatza, but no operating agreement is currently in place. First State Bank owns the course and bank President Rick Goedert said it is unlikely to open in 2012, Michigan Live reported.
The Saginaw County Mental Health Authority plans to keep client services at its old building and use the new building to house 40 office workers, after an expansion of 20 to 25 staffers this year. The Authority bought the building from Steven L. Gohm, who purchased it from First State Bank in January for $126,500.
During the five months that Gohm owned the property, he spent $25,000 to $30,000 on water damage repairs and $67,000 on property taxes, closing costs and utility bills. The first of three renovation phases that focuses on the exterior is currently underway, Michigan Live reported.
The building’s banquet hall will be divided and made into a training space, and items such as kitchen appliances and furniture will likely be auctioned off later this year. Future renovations could include transforming the bowling alley into additional office space, Michigan Live reported.