Musket Ridge Golf Course In Western Md. Sold

MYERSVILLE, Md. (AP) —  An 18-hole golf course near Myersville has a new owner.

ReMax real estate agent Mike Marcey told The Frederick News-Post on Wednesday that the 10-year-old Musket Ridge Golf Club was sold for about $3.4 million.

Marcey says the new owner is a private equity firm in Virginia. He wouldn’t name the firm.

The club was held by PNC Bank after foreclosure proceedings against Hagerstown-based Musket Ridge Development Co.

The club’s new management company, Affinity Management of Charlottesville, Va., says the new owner plans to improve the landscaping and kitchen equipment, and possibly replace the golf carts.

Affinity founder Damon DeVito says no changes are planned in the work force of about 70 employees at peak season.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. ed says:

    baltimore city golf courses a lot of real esate, over paid pro’s who work 8 months out of the year, the corporation that runs private subed out by baltimore city corrupt

  2. joan hayes says:

    city golf courses are they a asset or liabilty

  3. JIM DECK says:

    taxes on city golf courses not fuel tax,,,, why does thecity sub out 5 city golf courses , if they do not want the responsiablity sell them

  4. JIM DECK says:

    how can you not make a profit at a golf course,,, its like saying the united states tresuary isn’t been printing MONEY lately!

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