LYNCHBURG — A Richmond-area land developer has a deal with Lynchburg’s Oakwood Country Club to purchase its golf course tract, the club announced Wednesday.

“When I heard they were closing the golf course, I called the board president and said, if you are ever interested in selling it to a developer, give me a call,” Beckner said.

The real estate land sales agreement does not specify how many residences or what kind of homes will be built. Beckner said that will be finalized after East West finishes a site study and a master plan.

If the City approves the pre-selling of these lots, and it goes well, East West Communities will buy the land, about 75 acres, and turn it into a “high-quality” neighborhood, the golf club said. The deal is expected to yield $2.5 million to $3 million for the club.

The golf club closed the course in January 2008. This brought the attention of Jim Beckner. He had managed the golf country club in the 1980s and is senior vice president of East West Communities, also known as East West Partners of Virginia. More land is needed for residential homes, as population continues to rise.

MEDIA GENERAL NEWS SERVICE
Published: August 1, 2009