The full sale of the The Links, Shell Cove golf course will be one of the options Shellharbour City Council considers as it looks to find a solution to a problem costing ratepayers $1000 a day.
In a confidential session late on Tuesday night, councillors debated a report on the potential of private operators and developers to operate The Links and the steps needed.
The council looked at the "soft" expressions of interest that had been received since 2011, and resolved to proceed to a "full open tender".
Options now include - but are not limited to - the sale of the entire site, the sale of the Links Hotel and the proposed accommodation site and the long-term lease of the golf course.
Shellharbour Mayor Marianne Saliba said the council was of "a single mind" to resolve the future of The Links.
"This is a matter that has to be put to rest, "Cr Saliba said.
"The uncertainty surrounding the operation of The Links and its hotel has gone on long enough.
"In agreeing to this, the council wanted to ensure that the possibility of a private operator taking on The Links was fully explored.
"The final terms of any tender would of course, have to be acceptable to both the council and any preferred tenderer. If this could not be achieved, then the council would look at other options."
The course has a "book value" of $21 million.
Shellharbour City Councillor Peter Moran said he supported the resolution "as a way forward out of a difficult situation".
"I am confident the process will lead to the best outcome for the community," Cr Moran said.
On Tuesday night the public gallery was literally left out in the cold after councillors voted 4-2 to take the matter behind locked doors.
The Links' reported operational losses have been $383,907 (2009-10), $368,200 (2010-11) and $346,782 (2011-12).
The council took over the operation of the controversial course in 2008 when it evicted the long-term lessee, Shellharbour Links.