Another Portage County country club fell victim to economic realities this week when the Twin Lakes Country Club in Kent, Ohio, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Akron. Matt Metcalf, a former president of the club and current trustee, told the Record-Courier that the bankruptcy filing comes in conjunction with new membership programs intended to increase member volume. Currently, Twin Lakes has about 70 members.
“(Filing) will allow us to reorganize from a financial standpoint,” Metcalf told the Courier.
To attract new members, the club is unveiling three new annual membership programs at a considerably lower rate, compared to prior member fees. For a golf membership, new members can pay $1,500 plus tax for use of the club’s course, with no greens fees, while earning access to the pool and all social events. Seniors age 65 and older can pay $750 annually for access to all social events, the pool and clubhouse. And corporate memberships with full privileges will be available for $1,800. Business memberships, however, are limited to five designees and must be approved by the club’s Board of Directors. All of the new, annual memberships have no minimums and no assessments.
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