The Florida-based buyer who has offered more than $4 million to purchase Peninsula Golf Club in Massapequa told Newsday this week that he plans to keep the property a golf course and make improvements to the grounds and facilities upon acquisition of the site.
Holding up the sale, however, is Oyster Bay Town's own rumored plans to seize the golf course through eminent domain, a move town representatives claim would maintain the longtime covenants that protect the property from outside development.
Richard Schaub, Jr., owner of Great American Properties, told Newsday he is willing to to work with Oyster Bay to ensure the property remains a public golf course, but town officials are unwilling to discuss it. Schaub's vision for the public nine-hole course focuses on improved conditions, including "perfectly sculpted" sand traps, and a larger, modernized clubhouse that's attractive to the surrounding Nassau Shores community. Two holes would be adjusted to protect nearby homes.
[Schaub] said he also wants to invest a yet-to-be determined amount in expanding the clubhouse to be "a place where neighbors could come in for a hamburger and a beer" and watch a game on television.
In an Aug. 10 letter to the Oyster Bay Town Board, Schaub wrote he had been unable to comment on his plans previously due to a confidentiality agreement with the current owner, P.G.C. Holding Corp., but sought to reassure the board of his intentions.
"We are purchasing it as a golf course, and as a golf course only," Schaub wrote. Schaub said he received no response from the town. -- Ted Phillips, Newsday, 8/26/2021
Peninsula Golf Club was founded in 1946 on the site of the defunct Nassau Shores Country Club, and the deed between Nassau County and the club's ownership group included covenants that prohibit residential development, farming and any other uses other than a public golf course. Earlier this year, Peninsula's shareholders voted to sell the course to Schaub's firm for $4.4 million.
Oyster Bay then floated the possibility of eminent domain, saying an outside developer could theoretically get around the covenants and leave the property vulnerable to private development. Nassau County Executive Laura Curran has said Nassau will enforce the covenants upon sale of the property.
"That property is not going to be a housing subdivision," Schaub told Newsday. "That property should remain green."