According to today’s Press Release, ownership of the Somersett Golf and Country Club will transfer from Somersett Development Corporation to the Club’s equity members in October.  The transfer includes all assets, the course itself, and a $1,250,000 in cash – everything “free and clear”.  I’m not sure if the tent / clubhouse is included or if it is a rental!

So now the future of the course will be determined by the equity membership, who certainly have a vested interest in its success.