Mr Croft’s Signature Care group plans to build a $35M, 144-bed aged care facility on the Club’s former 10th and 11th holes.
The land had originally been slated for a 14-block subdivision, but Club President Trevor Townsend said the sale would double the return they would have made.
More than 90% of members voted in favour of the sale, but it will be at least six months before a final decision is made.
This is the fifth Croft-related development we have reported on in the past six months.
