A Montreal CEO buys a golf club before going into space

Montreal millionaire Mark Bathy, who traveled to space yesterday, acquired the Inverness golf club in Lac Broom, in Eastern Townships, and greeted the news with some trepidation.

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According to documented documents I obtained NewspaperThe 18-hole course — which has been abandoned since 2019 — was sold by Marc Fontaine (grandson of Joseph Armand Bombardier) for $7.58 million on March 31.

The buyer is Immobilier Mavrik, a new subsidiary of Mavrik Corp, the holding company of entrepreneur Mark Bathy.

rich from birth

The latter, whose family has amassed a fortune from shipping company Fednav, is now the chairman of Stingray Digital, a Montreal company listed on the Toronto Stock Exchange, co-founded by Eric Boyko, its co-founder.

Mr. Bathy, 52, is also one of three space tourists who have agreed to give $55 million to afford a ten-day stay on the International Space Station.

possessed silence

Mark Pathy and Bradley White, president of Mavrik Corp., declined interview requests. Through the company’s spokesperson, the company’s management refused to give any interview about Mavrik Immobilier’s projects in Lac-Brome.

Does the company intend to re-launch golf club activities? Would you rather turn it into a nature park or return it to its former farming career? Or, as many fear, turning this green space into a new high-density housing development? Impossible to know.

“The company is confirming the acquisition, but is not yet ready to communicate its intentions at this time,” company spokeswoman Eva Hartling said. The thinking continues. More details will be announced in the coming months. »

On behalf of Mr. Bathy himself, a spokesperson for Philip Jervis was limited to saying in writing that the businessman “believes in the importance of preserving the character and natural beauty of the Lake Broome region”.

and that, “for the time being,” the latter had no intention of developing the land, with an area estimated by the city at 5.3 million square feet.2 (or 121.3 acres).

The neighbors are worried

Reports were received with a mixture of hope and concern from nearby golfers participating in the Inverness Conservation Committee.

For the past three years, this group has been lobbying for elected officials in the municipality of 6,000 residents to amend its zoning in order to remove the use of “isolated single family” golf from the golf course, which would open the door to residential development.

In an interview with NewspaperThe mayor of Lake-Broom, Richard Burcombe, is trying to reassure. He points out that if the city has zoning rights, so does the owner of the plot.

He also swears he has no idea about Mavrik Immobilier’s future projects. However, he says he is reassured by the fact that he knows the Pathé family.

“Marc Oberg’s parents own West Brom. I know them, they’re good people. […] I don’t have inside info, but if there was development, I have no doubt it would be very civilized. »

outstretched hand

Still, Benoit Bourgogne, resident of Stonehaven Street, adjacent to the old golf course, reassures. “I wouldn’t mind the mayor having the confidence and promising to consult with us. But in the meantime, unfortunately, we don’t have any legal basis to rely on to protect ourselves from the promoter’s desire to build a new housing project there one day.”

A spokeswoman for the Protection Committee, Chantal Broder, shares her concern. She says, “In recent years, we have heard about a project for 350 new homes on this land. I came here for my retirement. This is not the kind of development we want.”

To be reassured, she only wants one thing: to have the opportunity to meet Mr. Bathy, once he’s back on Earth. “We are told he has great values ​​and a community spirit […] Basically, we communicate with him, we just want to meet him, simply, as we do among new neighbors. »


Inverness golf club

Age: 52 years old

Born in July 1969, of Constance and Lawrence Bathy, owner of the Auberge West Brome hotel.

Married and father of three

studies:

He holds a BA from the University of Toronto

He holds a Master of Business Administration (MBA) from the European Institute of Business Administration (INSEAD).

Professional life:

CEO of Mavrik Corp. It is a private investment company.

Former President and CEO of Fednav International and former Co-CEO of its parent company Fednav Limited.

Management advice:

Chairman of the Board of Directors of the Stingray Digital Group.

Board director:

Fednav Ltd.

Organizing in the street

Montreal Children’s Hospital Foundation

Pathé Family Foundation

Kindly : 18 holes former, semi-private club

space: 5.3 million square feet2 or 121.3 acres

owner: Management by Marc Fontaine

The acquirer: Mavrik Immobilier, a subsidiary of Mavrik Corp.

Acquisition date: March 31, 2022

Selling price: $7.58 million

Tax Transfer: $214,553

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