Winning bid from quartet of businessmen was $1,575,000
The Normanside Country Club has officially changed hands, and the cards have been laid on the table.
The new Normanside ownership is actually a team, made up of Rafael Flores, owner of the Mohawk River Country Club in Rexford and the Hiland Park Country Club in Queensbury, and three members of the Hostig family, relative newcomers to the golf business and owners of Smith's Restaurant in Cohoes.
The two interests went in 50/50 to purchase the course for $1,575,000 in a sealed bidding process with the Bank of America.
The Town of Bethlehem had submitted its own bid after much deliberation by town leaders. With the closing finalized, Supervisor Sam Messina revealed that the town's shot fell just short with a bid of $1.5 million.
I feel that the bid price that we went in at was a responsible amount and also realistic, Messina said. "The board felt and I felt that we would have only submitted a bid that would have enabled us to run this golf course at break even or better."
Private enterprise keeping Normanside a golf course is really a winning situation for the town, as the property stays on the tax rolls, he continued.
The Hostigs and Flores plan to keep the course running much as before " indeed, since the closing of the club occurred over the winter, not a single tee time will be missed. But there will be one notable change this year: the public will be able to play a round.
Non-members will pay $50 for a round of golf during the week and $60 on the weekend, which includes use of a cart. The new ownership will also be keeping a members program, though at reduced prices set at $3,050 for individuals and $3,600 for a family.