A Sun Rivers resident who could not reach a deal last year to purchase Sun Rivers golf course in Kamloops is back with a plan to sell community shares to raise money.
Bill Amy said he is publicizing his plan to sell 600 shares at $5,000 each.
That sum would be used to purchase the golf course and its Hoodoos restaurant from the Sun Rivers partnership, which is trying to sell the property independent of its real-estate development.
In return for the investment, members would receive a 10 per cent credit on spending and other discounts at the course and associated restaurant.
“The goal of the society is to develop a lifestyle and activity centre in Sun Rivers that will make everyone who lives here proud to call the area home,” Amy wrote to residents and course members.
“Our goal will be to continue to add more activities that will be supported by all the Kamloops area.”
With the financial backing, Amy said, the course can be in the hands of shareholders by June. While he originally called it a society based on the model used to purchase the Kamloops Junior Oilers (later Blazers) and hold it for decades before selling to Tom Gaglardi and partners, Amy said it may be more beneficial to structure it as a corporation.
“I’ll be giving them that option,” he said of a corporation versus a society. “It won’t be my decision.”
Amy attempted to purchase the course last year and spent some money on improvements before the deal collapsed.
He said he can’t disclose the reasons, but noted he is determined to get a new deal that works.
At the time the potential sale was announced, Amy, an investor and spokesman for Ranchero Enterprises, said the plan was to lower annual fees in a bid to double membership and engage in expansion that would have included a six-hole, par-3 golf course, pickleball courts and a renovated Hoodoos restaurant and sand bunkers.
He said those ideas are still on the table.
The 130-acre golf course was listed last year by Colliers International for $4 million.
Amy has a background in marketing and retired to Kamloops from the Lower Mainland eight years ago.
He is planning town hall-style meetings to provide details to prospective share purchasers.