Developers find easy targets among cash-strapped golf clubs
They take up swaths of land and face big bills to renovate and keep courses in order. Could surplus golfing greens help solve the housing shortage?
The trouble at Rossdale Golf Club started in 2011. That was when its accountant, Sharon Breyiannis, encumbered with an addiction to gambling, made off with $330,000.
The club stopped spending money, members became disgruntled. Then they left, Rossdale’s president, Geoff Charnley says. Eight years after the theft – Breyiannis eventually pleaded guilty – the 75-year-old golf club in Melbourne’s affluent Bayside suburbs is trying to rezone itself for housing.
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