CLK meaning in Business ?

Answer:

What is ClubLink Enterprises Limited mean?

TWC Enterprises Limited (TSX: TWC) operates ClubLink One Membership More Golf. It is based in King City, Ontario, and is listed on the Toronto Stock Exchange (TSX) with the symbol "TWC".

ClubLink is the largest owner and operator of golf courses in Canada. It is based in King City, Ontario. It was founded in 1993 by entrepreneur Bruce Simmonds and co-founded by Paul Simmonds. Its headquarters is located at the King Valley Golf Club.

ClubLink owns the White Pass and Yukon Route, a Canadian-American railway. In 2007, ClubLink was purchased by Tri-White Corporation, an investment firm run by K. Rai Sahi, an Indo-Canadian real estate entrepreneur.

One of the major properties owned by the company (since 2005) is the Glen Abbey Golf Course. It is home to the Golf Canada and the Canadian Golf Hall of Fame and has hosted 25 Canadian Open Championships, more than any other course, with the first having been 1977. ClubLink Corp filed an application in October 2015 to redevelop the property into a residential community, with offices and retail stores. There was no provision for a golf course in the plan. The Town of Oakville Council responded in August 2017 by declaring the golf course a heritage site under the Ontario Heritage Act. This would make it more difficult for ClubLink to develop the area as it had planned, with 3,222 housing units and 122,000 square feet of retail and commercial space. Golf Canada was also concerned since it could not predict whether it could get the necessary permit to hold the Canadian Open at Glen Abbey in 2018.

The company's plan to demolish the golf course was proceeding slowly in 2018 so the Canadian Open was held at this location. On 25 October 2018, Superior Court Justice Edward Morgan ruled that Clublink had a right to take its demolition application to the Local Planning Appeal Tribunal (LPAT), in spite of the town's previous denial of this step. City council subsequently voted to take the issue to the Ontario Court of Appeal. A report at that time clarified the owner's plan: building "3,222 residential units, including nine apartment buildings between nine and 12 storeys in height". These would be over and above the planned office space and commercial/retail space.

On 25 October 2018, Superior Court Justice Edward Morgan ruled that Clublink had a right to take its demolition application to the Local Planning Appeal Tribunal (LPAT), in spite of the town's previous denial of this step. A report at that time clarified the owner's plan: building "3,222 residential units, including nine apartment buildings between nine and 12 storeys in height". These would be over and above the planned office space and commercial/retail space.

In June 2018, TWC Enterprises announced that it had sold the White Pass and Yukon Route to Carnival Corporation & plc for US$290,000,000. The properties sold were port, railroad and retail operations in Skagway, Alaska.

reference

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