Par Excellence Drive Trust LLC, which closed the Henderson, Nev., property the day after it purchased it in July, said expects to reopen the club in the next few weeks. The announcement came soon after a judge appointed OB Sports as receiver in response to homeowners suing the company based on a deed restriction that prevents its redevelopment.
Soon after a judge on August 29 appointed a receiver to oversee the shuttered Legacy Golf Course in Henderson, Nev., the property’s new owners had an announcement of their own. Georges Maalouf and Eddie Haddad, Legacy’s co-owners, operating as Par Excellence Drive Trust LLC, said they expect to open the golf course in the next few weeks and intend to keep it a golf course “forever and ever,” the Las Vegas Review-Journal reported.
The decision will help manage financial losses on the course, Maalouf said. He also hopes it shows that the owners’ intent is to be “responsible managers of the course.”
“If the community wants a golf course, we want to work with them to figure out how to re-establish the course while being environmentally responsible,” Maalouf said. “We want to meet with the homeowners to discuss how we can ensure that the open space is to their benefit beyond the 21 years.”
Par Excellence Drive Trust purchased the property on July 3 and shuttered it the following day, prompting concern from the city over potential redevelopment plans. A group of homeowners then sued, based on the deed restriction.
Property documents recorded with Clark County on December 26, 1988, state that for 50 years the course can only be developed or improved as a golf course. “We just want it to be financially feasible and have excellent playing conditions,” Haddad said.
Judge Joe Hardy Jr. appointed Arizona-based OB Sports to oversee the temporary restraining order granted this month to maintain Legacy as a golf course. OB Sports managed Legacy for 26 years before the new owners shut it down in July, the Review-Journal reported.
Erika Pike Turner, who represents the 350-home Grand Legacy Association, said she was pleased with the decision. “The homeowners can finally get a green course out there, which is what they paid for in the first place,” Turner said.
Michael Kostrinsky, attorney for Par Excellence Drive Trust LLC, which bought the golf course for $1.5 million, disclosed that the owners hired Elite Golf Management this week to maintain the course. Hardy appointed OB Sports as the neutral company to oversee management of the course at a rate of $150 an hour or less. The cost will be paid by Par Excellence but is subject to reimbursement by the plaintiffs, depending on the outcome of the litigation, the Review-Journal reported.
About 70 residents showed up to the hearing, some wearing green shirts that said “Save The Legacy Golf Course.”
“I thought the judge’s decision was fair, and he did an excellent job of keeping on point,” said Elizabeth Stearns, who lives by Legacy. “It shows how important it is for us to stand together as a community.”
Master Series, a subdivision of the Green Valley Village Master Association, also retained a lawyer earlier this month. Attorney Ken Hogan, from the law firm Hogan Hulet, represented the 330-home subdivision with a goal to uphold the deed restriction. “The bottom line in this litigation is that the water is green and the grass is not,” Hogan said.
A hearing on a motion to dismiss the homeowners’ complaint is scheduled for October 10. Depending on the hearing’s outcome, a trial may be set for November, the Review-Journal reported.
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