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River Point Golf Club files for bankruptcy protection

Markus Smith, left, and Kevin Belflower head out for a round of golf at River Point Golf Club in this file photo.

Markus Smith, left, and Kevin Belflower head out for a round of golf at River Point Golf Club in this file photo.

ALBANY, Ga. -- An Albany golf course, struggling with the effects of a lingering recession, has filed for Chapter 11 bankruptcy protection in federal court, averting the planned auction of the property.

River Point Golf Club, LLC., and it's principal owner Jos Bekkers, told the Herald June 25 that it was working with creditors in an effort to keep the golf course off the auction block on July 3.

“As of Today (June 25), Synovus has not accepted our offer. If no settlement is made, River Pointe Golf Club will be filing Chapter 11 with the bankruptcy court before July 3rd," Bekkers wrote the Herald.

True to his word, Bekkers filed a petition in United States Bankruptcy Court July 3, contending that the golf course had several creditors that it simply could not pay, including the Georgia Department of Revenue, the Dougherty County Tax Department and even more than $14,000 owed for pre-paid wedding deposits.

The biggest single creditor, SB&T, which is part of Synovus, is owed $1.2 million for the golf course itself. More than $170,000 is owed to a company for golf cart leases and it appears that Bekkers even put in $171,000 of his own cash to help prop-up the course, according to court documents.

The court has set a hearing date for July 10 at 2 p.m. to hear arguments from golf course officials and creditors.

According to its website, River Point is an 18-hole, semi-private golf course that was designed in 1995 and has been named the Best Albany-area golf course by the readers of the Albany Herald for the last four years.

The course has been called one of the best in the state by Atlanta Golf Magazine and is the home course to PGA pro Sonny Skinner.

Comments

Kay523 1 year, 9 months ago

Riverpointe s/d where the Tea Party is headquartered and so many of our city and county leaders live in wealthy surroundings - dangerously close to the Confederate Memorial and Lee County! Where is the accountability and responsibility of these great people? Left on the steps of the bankruptcy court!

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Mr_Heatmiser 1 year, 9 months ago

What in the world are you talking about?

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Abytaxpayer 1 year, 9 months ago

What kind of slur is "dangerously close to the Confederate Memorial and Lee County". They both are a Fact of Life.

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Amazed2 1 year, 9 months ago

Hey Kay523 im glad you mentioned those confederates operating in the area. When I went to the cemetary recently I noticed some of those confedrate graves there. DO you think I should stay out of the cemetary too, I dont want to be seen near any confederates I might not be able to get elected next year.

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alleebrin 1 year, 9 months ago

I've said all along the 30-plus years I've been here, anybody who is dumb enough to invest in Albany and Dougherty County has more money than good sense!

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Amazed2 1 year, 9 months ago

Simply to get out of this mess the residents and members of Riverpoint are going to have to pay more dues and association fees. May not be able to recoup in a year but it may be a 3 to 5 yr catch up plan. Outside or non resident fees will also have to rise. If you cant find more money from the above then just let the bank have it back and make it their problem. Kind of like what happened in Lee County at the other golf course. IT was a gift to the county and now they loose the money.

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bigbob 1 year, 9 months ago

Maybe they could sign it over to Lee Cty and the commisioners can bail it out with taxpayer dollars like they do GI.

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Gabrielblows 1 year, 9 months ago

FYI- Grand Island does not receive taxpayer support. It has been a profitable venture for over two years now! The club has great management, the best greenskeeper in Albany, and the golfcourse is in magnificent condition. Why don't you come out a play a round of gold and see it for yourself instead of pontificating on what you know little about?

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bigbob 1 year, 9 months ago

Have you seen the books because if thats possible I know alot of people who would love to see them. Should be no big deal seeings how we own it.

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Happy 1 year, 9 months ago

Is this affecting property values?

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