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More than 1,300 new homes look set to be built on Maidenhead golf course following a multi-million pound deal between the club’s board and the council.
A document seen by the Advertiser, sent to members by Maidenhead Golf Club chairman Brian McGinley, reveals the club will receive £12m to give up the lease within seven years.
The council owns the freehold for the site and the lease is due to expire in 2039. That sum will rise to £16.25m if the club leaves the 150-acre site within three years.
In addition, the club will no longer pay the council rent, which is currently £115,000 a year.
The club will also receive a payment of £300,000 to cover costs, expenses and as a consideration fee when it exchanges contracts with the council, expected to be within three weeks.
Also part of the deal is the council's agreement to promote land owned freehold by the golf club at Harvest Hill for housing development in the local plan.
The club hopes to sell the land, currently a practice area with room for about 150 homes, at market value to a developer once planning permission is finalised.
The deal follows negotiations with council, which included at least one previous offer members felt could be improved on.
The deadline for agreement, originally set for April 30, was extended and the club's board accepted a revised offer on Thursday, May 12.
In the statement to members seen by the Advertiser, Mr McGinley said: “The board has accepted that this improved offer is fair and has decided that we should proceed to contract on this basis.”
He went on: “The board believes that this agreement represents the best outcome for the club and sincerely thanks MGC members for their support.”
The Advertiser understands the club aims to buy and develop an alternative site, either a greenfield location or existing golf club.
When the Advertiser contacted the golf club this week we were told Mr McGinley was on holiday and unavailable for comment.
Cllr Simon Dudley (Con, Riverside), leader of the council, declined to comment on the agreement.
Under the club’s articles of association, members can call a general meeting to oppose the board’s decision if they wish.
To call a vote, 10 per cent of the voting members must agree to oppose it and a motion opposing the decision would need to be tabled before 5pm on Friday, June 10.
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