Developers raise the stakes again in bidding for Beacon Hall Golf Club

For the fourth time in three years, real estate developers are attempting to snap up top-rated Beacon Hall Golf Club by offering members $1-million each for the Toronto-area property.

Argo Development Corp. and Paradise Developments Inc. – two established Ontario homebuilders – bid $260-million this month for the 200-acre private club in Aurora, Ont., according to two members of the club. The Globe and Mail is not naming these sources as they are not permitted to speak for the club. Executives at Beacon Hall and the two developers declined to comment.

Andrew Willis has more HERE for the Globe and Mail.