The City of Newark is looking at cutting back residential development at the Newark Country Club.
But the Wilmington News Journal reports that Club officials charge that rezoning the 120 acre property is not lawful.
Club officials say that this is an effort to preserve the land for less than market value or push the Club into bankruptcy.
The town council is considering rezoning the land to require twice the minimum size of a lot for any new home on one of the city’s biggest open spaces.
The club officials say this would mean fewer homes slashing the value by $7 million.
That’s half its 2008 assessment.
Dennis Barba president of the club’s board of directors told the News Journal that it was “not right to single out a private citizen because the council doesn’t like what they are doing in the future.”
