The development firm that bought a 155-acre property in the thick of southern New Jersey's Philadelphia suburbs says it will keep it a golf course.
What was known as Woodcrest Country Club in Cherry Hill was auctioned off earlier this week.
Two bidders promised to keep it a golf course and the county government planned to make it into open space.
But the eventual winner, First Montgomery Group, did not divulge plans before winning the auction with a bid of more than $10 million.
Many in the community worried that the group would seek to redevelop the land, largely because its main business is building apartment complexes.
"The Woodcrest Country Club is in the heart of Cherry Hill in Camden County," county freeholder Jeff Nash told Newsworks.org before the auction. "It's one of the most magnificent properties that is not developed..."
Officials at the Marlton-based firm now say they'll change the club's name to the Village at Woodcrest.
Bidding for the course started at $6.25 million.
Other bidders included the Union League of Philadelphia.