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Posted on September 10, 2015
The legal wrangling over the direction of the Killearn Country Club has taken another turn. Barton Tuck, the current owner, sent a letter to members today that says he has “elected to trigger the right to purchase given to the Club Members in the restrictive covenants encumbering the golf course.”
The letter can be viewed here.
Does this mean Mr. Tuck has given up on owning the club?
No. Mr. Tuck says that he does not want to sell the club, but he “must tender the purchase right to you to ultimately cease litigation and to implement the revitalization plan.”
A minority group of members have stated that they want to buy the club, rather than approve Mr. Tuck’s redevelopment plan that includes closing the nine holes of the golf course known as the “North” or “Narrows.”
Sources tell TR that debate will now center around who has the right to buy the course and the process that will facilitate such a transaction.