U.S. Bankruptcy Court documents show one receivable owed to the club that could be used to pay off creditors, though they did not specify who owes the money or how it could be collected. The club filed for Chapter 7 bankruptcy in November 2016 and 86 businesses and individuals who may be owed money have been sent notice of the club’s bankruptcy.
Sonoma Ranch GC Changes Ownership
Sonoma Ranch Partners regained ownership of the Las Cruces, N.M., golf course after it was operated by Las Cruces Country Club for the past 13 months. Financial terms and details about the transfer of ownership were not disclosed, though the owner is planning a facelift of the golf course beginning January 4 that will close the course for about a month.
Las Cruces (N.M.) CC Sold for $7.1M
After more than a year of negotiations, developer Park Ridge Properties has finalized the purchase of the 110-acre property. The developer plans to transform the site into an “urban village,” including a medical campus with a hospital; retail and dining; residential and multifamily housing; and parks, walking trails and open space.