Nostalgic Golf LLC purchased two parcels of the Springfield, Ohio golf course after it fell into receivership last year with over $4.5 million in debt.
After falling into receivership last year with over $4.5 million in debt, parts of Windy Knoll Golf Club in Springfield, Ohio, have been sold, the Springfield News-Sun reported.
Nostalgic Golf LLC purchased two parcels of the golf club’s land, adding up to $1.44 million for the 18-hole golf course, the Stables Bar and Restaurant and a banquet facility.
The purchase has helped maintain six full-time jobs and 30 seasonal jobs for the community. The two remaining parcels of land are still under receivership.
“We really want to save this for Springfield and provide employment for Springfield,” said Dave Duffey, the new General Manager of Windy Knoll.
The purchase price paid for the debts on the land, which included a $110,000 debt to the city for extending nearby roads for easier access, which improved traffic flow. It also covered back taxes, loans and charges on the course.
“Because of the financial condition of the previous owners … we’re working hard to bring [the course] back to the same condition it was in several years ago,” Duffey said.
Duffey looks to add new lighting, pave the gravel parking lot, fix fences and add restrooms to the course. He said the corporation wants to fix up the restaurant and kitchen to make it a year-round venue. The course sees customers from Dayton and Columbus and prices have been lowered to lure more members.
“This is a public golf course, but over the years people have thought this is a private facility,” Duffey said. “This is open to anyone.”