Gerald Crowley’s corporation, Owasco Golf & Tennis Club LLC, purchased the Auburn, N.Y., property for $883,023 late last year. The 86-acre property includes a nine-hole golf course, tennis courts and a restaurant, and the new owner said he has no plans to make any significant changes.
The Owasco Country Club in Auburn, N.Y., with more than 120 years of history, has changed hands, the Auburn-based Citizen reported.
Member Gerald Crowley took over the club late last year, according to property records. A corporation that Crowley established for the business, Owasco Golf & Tennis Club LLC, purchased the property for $883,023. Prior to the land transfer, Crowley had bought out the mortgage holder on the property and then came to an agreement with the club on the sale, the Citizen reported.
The 86-acre property includes a nine-hole golf course, tennis courts and a restaurant. For decades, Owasco Country Club operated as a nonprofit and the business was managed by a seven-member board of directors, but it had been struggling financially in recent years, the Citizen reported.
Former Board President Don Beardsley said the decision to approve the new ownership was unanimous. He said the board was confident in their decision knowing Crowley planned to maintain the club. Crowley declined to comment specifically on the property acquisition, other than to say he had no plans to make any significant changes to the club’s daily operation. The property is currently undergoing renovations and he expects to host an open house in April, the Citizen reported.
According to its federal tax return, the Owasco Country Club lost $5,878 in 2013 and $34,165 in 2014, the most recent year for which those records are publicly available. The club presently has 200 members and those numbers have been kept small to remain a “family club,” according to its website.
The club was founded in 1896 after a group of men met at a chalet at the Dolphin Club and organized the Auburn Golf Club. At that time, initiation fees and dues were $1 each, and it had 54 members. In 1901, the club purchased land in the town of Owasco for the new club location, the Citizen reported.