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.