Two Bossier City golf courses were on the auction block Tuesday – but no decision yet on whether a sale will occur.
The state’s Municipal Police Employees’ Retirement System wants to sell both the Olde Oaks and StoneBridge golf courses which have represented a steady financial drain – estimated to be in the millions -- on the retirement system.
StoneBridge received two offers: one from the current management group, California-based Touchstone Golf, and another from a group of local homeowners and club members.
Tony Cason, the principal local bidder, said Touchstone would convert Stonebridge to a daily fee course. His group wants to keep the club private.
Cason said the amounts of the bids couldn’t be disclosed because of confidentiality agreements. The Stonebridge course alone has been appraised at $1.3 million.
The Memphis-based Realtor overseeing the sale, Hilda W. Allen, said the offers will be taken this week to the police retirement system’s board of directors with a decision expected early next week.
No information was available regarding any possible offers for Olde Oaks.