Piqua, Ohio- Piqua Country Club had been a part of the community for more than 100 years before its doors closed this past January, filing Chapter 11 bankruptcy. The closure wasn't a surprise, in fact an equity group of approximately 100 individuals (around 95 of whom were members) had hoped to resolve the debt before the club was forced to close.
"Our ultimate goal was not to close a business that had been around for a 100 years-plus. We were unsuccessful in resolving some issues with Chase [Bank], but they began negotiating with us again recently and we were able to close," said Benny Scott, Jr., one of the six members of the newly formed board.
The group, and board members, have had to negotiate all this while continuing with their day jobs, and lives; aware of the time-crunch the group has hired Honours Golf, golf management group and subsidiary of Troon, to be a part of PCC.
The new owners have set May 1 as a hard deadline for their opening, but they would like to open a little earlier, if they could.
For more on the course, and its legal dealings, check out the article below.