The non-profit organization that manages Papago Golf Course in Phoenix filed for bankruptcy protection on Wednesday, but the city of Phoenix insists that the golf course will remain open for public use.
The Arizona Republic reports that Papago Golf Course is one of eight golf courses owned by the city of Phoenix. AGA Management went into $9.5 million debt trying to manage the facility, mostly because of the expensive renovations that were involved with the replacement of the course's irrigation system, the replacement of all bunkers, the extensive cleanup, and the replacement of the turf on greens and fairways.
AGA, which operates as a non-profit organization and an affiliate of the Arizona Golf Foundation, filed for Chapter 11 bankruptcy this week so that the $9.5 million debt could be restructured through a court-approved repayment plan. The non-profit organization worked to advance public-access golf courses and the support of junior golf. Phoenix Parks and Recreation Department Director James Burke says that with the Chapter 11 bankruptcy filing, AGA will still continue to operate Papago Golf Course until a replacement management company is found.
"We intend to do everything possible to ensure that Papago Golf Course will continue to conduct business as usual," James Burke told Arizona Republic.
With Chapter 11 bankruptcy, it's common for a Phoenix bankruptcy attorney to come up with a reorganization plan for the debtor that is to be approved by the court. More information on Chapter 11 filings can be found through our Related Resources pages.