A Waikato businessman has revealed plans for a $15 million housing development alongside Raglan Golf Club.
Thursday, June 10th 2004, 6:55AM
by The Landlord
The views for golfers would rival those of other more expensive New Zealand seaside courses, like Kauri Cliffs and Gulf Harbour, north of Auckland, but green fees would be more than $100 cheaper.
Phil Verry, who unsuccessfully bid $6 billion for the National Bank last year, wants to build and sell as many as 60 villas and condominiums around the 18-hole course. His family would fund the development and take any profit.
He has the full support of Waikato District Council and Raglan Golf Club, which has struggled in recent years to maintain membership and make money. The council is keen to meet Mr Verry and the Conservation Department, which owns the golf club land, to thrash out a deal.
