Bankruptcy

Cherokee Run Country Club, Host Of 1996 Olympic Events, Files Chapter 11 In Northern District

By Scott Riddle

Cherokee Run Country Club in Conyers, Rockdale County, filed a Chapter 11 petition in the Northern District of Georgia on November 25, 2008.  In re Cherokee Run Country Club, Inc., Ch. 11 Case No. 08-84120-jb (click here for petition).  Estimated assets and liabilities are listed as $1 to 10 million.  The club joins other golf clubs that have filed Chapter 11, including Gold Creek and Horseshoe Bend.  See also this article about the financial difficulties of golf clubs in the Atlanta Business Chronicle.

The largest unsecured creditor is the City of Conyers, which is listed as being owed $2.6 million for a lease for the club and golf course property. See list of Top 20 here.  Other large creditors include Ingersall Rand Financial Services ($153,193), Automotive Rentals, Inc. ($75,432), and Rockdale County ($56,505 property taxes).

The Club has an Arnold Palmer designed golf course, and notably, was host to the 1996 Olympic Equestrian Events.  From their website -

Cherokee Run Golf Club is East Metro Atlanta's answer to the ultimate in semi-private golf facilities since opening in 1995. The golf course was designed by Arnold Palmer and was host to the 1996 Olympic Equestrian Events. Located within the Georgia International Horse Park, Cherokee Run Golf Club features Crenshaw bent grass greens, zoysia fairways, 96 strategically placed bunkers and natural granite outcroppings surfacing throughout the course. Set in the tall Georgia pines just minutes East of Atlanta in Conyers, the course climbs and drops through some startlingly unexpected elevation changes. Cherokee Run Golf Club is Golf at its Purest, Surrounded by Nature at its Finest!

The facility is so much more than just a great golf course. The club features a 15,000 square foot clubhouse that provides for a unique shopping experience in our lavishly adorned Golf Shop. Our restaurant provides the finest in dining selections for breakfast and lunch to include daily specials that have tantalized the appetites of guests and celebrities alike.

Full post as published by Georgia Bankruptcy Blog on November 26, 2008 (boomark / email).