$24 million Boca-Ocean Breeze golf deal OK’d; resident input to come later

Ocean Breeze Golf Club (Photo by Lulu Ramadan/Palm Beach Post)

BOCA RATON — The $24 million purchase of the Ocean Breeze golf course was officially approved by the Greater Boca Raton Beach and Park District on Monday.

While the purchase price for the 214-acre course and hotel in Boca Raton’s northeast end isn’t sitting well with some residents, the district chose to move forward with the “take-it-or-leave-it” deal.

Ocean Breeze, appraised by a district contractor at no more than $10 million, is owned a Wells Fargo subsidiary under contract with developer Lennar Corp.

“Am I happy with the price? No. I’d rather have it for something closer to what the appraised values were,” said district chairman Commissioner Robert Rollins. “Is Lennar willing to negotiate that price? No.”

» RELATED: How much will Ocean Breeze cost Boca? More than $24 million

Residents will have input on the design and revitalization of the golf course going forward, district officials said.

The district plans to create a committee of some sort to seek out resident ideas and proposals, said Arthur Koski, director of the beach and park district.

The special taxing district doesn’t anticipate calling for a tax increase to support the deal, he said.

The $24 million purchase still requires Boca Raton council approval, as the city must loan the $24 million to the district to make the purchase.

The district aims to close the deal by January 2018.

Read more about the Ocean Breeze golf course sale here.

 

 

 

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