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Golf club’s likely buyer aims to quell development fears
A town spokesperson said the town couldn't negotiate with Richard Schaub Jr.
The likely new owner of Oyster Bay’s Peninsula Golf Club said he’d sign a deal with the town to preserve the property, but the town doesn’t want to talk, according to Newsday.
The fate of the 50-acre property has been a hot topic among Oyster Bay officials for months. The town fears it could be developed even though it has a covenant requiring it remain a golf course.
Town officials have mulled buying or seizing the property since it hit the market this year. Nassau County leaders also want it to remain some kind of open space.
The town board met last month and discussed condemning the property to seize it via eminent domain, but did not vote on that action.
The prospective buyer, Richard Schaub Jr., is nearing a deal for the property. He said he has plans to upgrade some holes, add a couple of new ones, and expand the clubhouse, and has no intent to develop housing on the property.
He recently wrote a letter to the town that he was “willing to work with the town, defining that this property should always remain green,” according to Newsday.
Oyster Bay spokesperson Brian Nevin said that the town “cannot negotiate with parties that do not own the property.”
The golf course’s ownership company tabled a vote to finalize the sale to Schaub in light of the town’s discussions of seizing it via eminent domain.
[Newsday] — Dennis Lynch