River City Collective purchased the Waynesboro, Va. club, which has operated in a private-public capacity with a membership of 200 people, not including pool memberships. In 2017, the club was auctioned off for $891,000, as is, which covered a $750,000-plus-interest debt.
The Waynesboro (Va.) Golf and Country Club has been acquired by River City Collective LLC, The Staunton News Leader reported. River City Collective, which announced it took over the club as of January 15, is also trying to revive a building in downtown Waynesboro.
“River City Collective will work closely with members and community partners to continue the club’s revitalization efforts along with its transition to a private facility,” a release said. “Additional information will be released in early February.”
The club will transition to a private, membership-only facility for the clubhouse, golf course, and pool, The News Leader reported. The rates will be updated, and official rates will be released at a later date. Currently, the club operates in a private-public capacity with a membership of 200 people, not including pool memberships. The golf course currently offers 18 holes of play, driving range and seasonal swimming pool.
In 2017, the country club was auctioned off, The News Leader reported. Kenneth Bradley and Jim Critzer purchased the property for $891,000 as is.
At that time, Peggy King, president of the Board of Directors for Waynesboro Country Club, said the club was facing a $750,000-plus-interest debt through its mortgage company WCC Mortgage LLC, The News Leader reported. Bradley’s purchase price was expected to cover the deficit the club was facing.
“The club had been in financial trouble back in 2017 but has made positive improvements since then,” according to Jacquie Zirkle with River City Collective.
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