Cherry Hill defers its Woodcrest claim

The first hole at Woodcrest Country Club in Cherry Hill.
The first hole at Woodcrest Country Club in Cherry Hill. (INQ SUWA)
Posted: April 10, 2013

Cherry Hill has agreed to put on hold its motion to force a tax sale of Woodcrest Country Club pending an auction arranged by a bankruptcy trustee.

Township solicitor Robert Wright said at a hearing Tuesday in U.S. Bankruptcy Court in Camden that it was in the township's best interests for the May 20 auction to move forward, with proceeds used to pay Cherry Hill $160,000 it says it is owed in taxes.

Cherry Hill Land Associates, a subsidiary of First Montgomery Group of Marlton, has agreed to buy the 155-acre property for $6.25 million. It has not commented on its plans for the course. If the sale falls through, the township's motion would still be pending, spokeswoman Bridget Palmer said. "Our intention is to satisfy the tax debt," she said.

The township also plans to bid on the course, seeking to partner with Camden County to preserve the property as open space. Other potential bidders include the Union League of Philadelphia.

   - Maddie Hanna

comments powered by Disqus
|
|
|
|
|