Conservation Agreement Pulls Agawam Hunt Club Out of Bankruptcy

By | April 16, 2018

The Rumford, R.I., club filed for bankruptcy in January 2017, but The Nature Conservancy of Rhode Island’s recent $2 million purchase of development rights for two-thirds of the property has helped the club repay about $4.5 million in debt. Under the agreement, the land will be preserved from development, and the club will incorporate environmentally […]

Baha Mar Resort Files for Bankruptcy Before Opening

By | June 30, 2015

The $3.5 billion resort in the Bahamas was supposed to open last December, but has been fraught with delays. The developer is placing blame on the property’s contractor, China Construction America, which is majority-owned by the Chinese government.

Edgmont GC Files for Chapter 11 Bankruptcy

By | December 5, 2013

The October 28 filing shows that the Edgemont, Pa., club owes more than $2.2 million to PNC Bank, along with unpaid real estate taxes. The club’s leadership is viewing the filing as a reorganization move, and is still operating as it normally would, with the CFO reporting an increase in business in the past month compared to previous years.

Pros Inc. Buys Independence GC

By | October 8, 2013

The firm purchased the 260-acre daily fee golf club in Midlothian, Va., from the VSGA Foundation for an undisclosed price. Though no specific plan has been generated, the new owner plans to take advantage of non-golf amenities at the club to drive more revenue.

Ironhorse CC Seeks Bankruptcy Auction

By | January 25, 2010

Ironhorse Country Club, West Palm Beach, Fla., is headed for a probable bankruptcy auction, after the club ownership filed for Chapter 11 bankruptcy earlier this month, reports The South Florida Business Journal.   “I think the reaction by our members is very positive because we have a stable buyer who is in a position to […]

Mahoning Valley CC files Chapter 11

By | April 6, 2009

The owners of Mahoning Valley Country Club, located in Lehighton, Pa., filed Chapter 11 bankruptcy earlier this month, staving off a scheduled sheriff’s sale of the 82-year-old Carbon County golf institution. The new bankruptcy petition was filed in U.S. Bankruptcy Court less than 15 minutes before the club was to be offered to bidders for […]