Deal set for sale of golf course tract in Lynchburg (Richmond Times-Dispatch)
July 31, 2009A Richmond-area developer has a deal with Lynchburg’s Oakwood Country Club to purchase its golf course tract, the club announced Wednesday. If the project gets city approval and pre-selling of lots goes well, East West Communities will buy the land, about 75 acres, and turn it into a “high-quality” neighborhood, the club said. The deal is expected to yield $2.5 million to $3 million for the club.
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