New Partnership Offer Accepted
August 30, 2017
On Tuesday August 29, 2017 the member owners of Meadia Heights Golf Club voted unanimously to accept an offer by a partnership group affiliated with Northeast Holdings of Lancaster, Pennsylvania. The proposal allows the partnership group to satisfy the club’s mortgage and assume all other liabilities and assets of the club with the intent of continuing the operation of Meadia Heights as a private golf course using an infusion of cash for improvements to the course and clubhouse. The partnership is a small group of investors with club member and Lancaster resident Daniel Glick as Managing Partner.
Club President Jim Zanghi issued the following statement:
“The Board believes this is in the best interest of the members and future members of our golf club.
The proposal that was accepted by the members will put the club back into a position of financial strength. It is intended that it will remain a private golf club with many enhancements to the course and clubhouse. The investment group will invest an additional $1.2 million in capital improvements over the next 24 months in addition to settling all debts of the club. This, combined with lower dues for golfing members and a guarantee of no operating or capital assessments to the membership will put Meadia Heights Golf Club in a very competitive position for the market and return it to one of Lancaster County’s premiere golf, banquet and dining facilities. We look forward to celebrating our 100th Anniversary in five years.”
Please direct all inquiries to:
Jim Zanghi, President, Meadia Heights Golf Club Board of Directors