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On Wednesday, the Land Use and Housing Committee discussed the sale of 68 acres of property along the San Diego River to TY Investment, owner of Carlton Oaks Golf Course in Eastern San Diego.

TY Investment has owned and operated Carlton Oaks Golf Course in Eastern San Diego since 2006. In recent years, the Santee-based company has shown interest in purchasing a portion of golf course that is owned by the City of San Diego. But the land is located at the edge of the San Diego River, on flood plains and the City has been reluctant to sell it. That changed in April 2010 when the Real Estate Assets Department offered to sell 68 acres for $3 million.

During the meeting attorney Felix Tinkov said the sale would save the company from paying the $240,000 annual lease and would allow the company to finance improvements to the property, thus preventing the course from shutting down.

However, members of the San Diego River Conservancy, a state agency tasked with protecting the river expressed concerns that the sale would jeopardize conservation of the river.

Meanwhile Tinkov warned councilmembers that if the sale wasn't approved the course would shut down.

"My clients are going to lose a ton of money on this," Tinkov told committee members. "More importantly, we are telling you that if this deal does not go through, your votes effectively will count for 25 jobs a piece. We will end up giving pink slips to 100 employees."

After hearing concerns from councilmembers about selling the land Tinkov changed his pitch, saying his clients would be open to leasing the property, however, at a lower rate and without the city or the San Diego River Conservancy groups requesting a redesign the golf course.

"If this is going to work we should not set parameters," said councilmember David Alvarez. "If that's the way you want to move forward then let's move forward. Otherwise, let's not waste staff time on this."

Tinkov agreed.

The committee agreed to hear the item at a later meeting.

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Great news.

Oct. 5, 2011

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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