The parent company of KSDK is terminating the lease Tower Tee has on its 27-acre property in south St. Louis County, the station announced Thursday.

The station, owned by Tegna Inc., posted a statement on its website saying the termination means the lease will end in early January.

"All net proceeds from the sale will be donated to the Tegna Foundation, a corporate foundation sponsored by Tegna Inc. which supports nonprofit activities in the 38 markets where Tegna operates, including St. Louis," KSDK said.

Tower Tee's lease expired at the end of October, KSDK said, but an agreement had been reached to continue the lease on a month-to-month basis. But on Wednesday, the company met with Tower Tee's owner to say the lease was being ended.

The popular driving range and par-3 golf course has been owned and operated by one family for over 50 years. But the property on Heege Road, just east of Laclede Station Road, was placed on the market earlier this year.