The nation’s most prestigious golf club has failed to avoid the bunker of construction industry woes, with the builder of a key project going to the wall.
AdvertisementIn the Bayside suburb of Black Rock it sits in Melbourne’s sandbelt, a region in the southeastern suburbs that includes a clutch of golf courses including Huntingdale, Commonwealth and Cheltenham.the club that charges a reported $10,000 joining fee and $3500 annual membership
It had already made it a treacherous project for the builder and the club, one person with knowledge of the situation said before Koble tipped into administration.Gary Lisbon “The project will be completed shortly and within the Club’s means,” he said. “There will be no call on members.” Mr Warry said the preliminary indication was that Koble owed creditors - the “fair majority” of whom were suppliers and subcontractors - about $4 million.“There seems to be at least one or two every week at the moment,” Mr Warry said.
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