French Creek’s Morningstar Golf Club is up for sale

Receiver-manager has started marketing for the sale of all assets and properties

French Creek’s Morningstar Golf Club is up for sale.

G. Powroznik Group Inc, the court-appointed receiver-manager of the assets of Morningstar Golf Club Ltd., which owns the club, has offered for sale (all together) the right, title and interest of the assets, undertakings and properties of MGCL. Morningstar Golf Club was placed on receivership by Supreme Court of British Columbia on June 1 after its former owners filed for bankruptcy last year.

Since taking over, the receiver has launched an intensive program of continuous improvement of the golf operations, assets and golf experience that languished. It has brought the championship-level golf club back to life and has hired an experienced general manager, Randy LaRoche. It also has obtained financial support from the first mortgagee to bring the golf club operation back into full service.

The receiver has also identified real estate development options on the property and on adjacent land that may enhance the operations of the club. Members, according to the receiver, have been very pleased with the improved golf experience and management stability provided during the receivership.

“Our ultimate objective has been to find a suitable buyer to invest in the Morningstar Golf Club for the long-term and provide continuous active support for a great golf experience,” stated Gary Powroznik, managing director of G-Force Group. “By developing a continuous program of improvement through harnessing the input and support of existing management and members, we have established a solid foundation for a purchaser to build upon.”

PQ News golf columnist Bill Flower said that this is a very exciting time for the local golf community and the mulititudes of golfers who have Morningstar Golf Club high on their list of courses to play.

“A new owner will hopefully inject the necessary money into the entire operation to bring it back to a standard that it’s currently headed towards under the receiver, ” said Flowler. “In the not so distant past it was second to none in Oceanside.

“One of the key strengths of Morningstar is its layout and design. I hope a new owner will see that and perhaps even improve upon it with a few alterations. Hole 12 is probably the only hole that over the years has consistently been the biggest bone of contention among members and green fee players. It could use a major rebuild.”

Morningstar is a Les Furber-designed 18-hole, par 72- golf course on the outskirts of Parksville. It has a clubhouse and bar, as well as other buildings and facilities such as pro shop, banquet pavilion, golf cart shed, and maintenance building and yard. The golf course has been used for PGA qualifying schools in the past. Last year, 20,000 rounds of golf were played and in the last six years from its golf operations ($1,225,000) and food and beverage revenue ($275,000), has averaged $1.5 million annually.

There is also available 22.8 acres of adjacent land to holes 6 and 7 that is also being offered for sale by a third party that has residential development potential.

For more information, visit http://www.g-forcegroup.ca/sale-of-both-development-land-and-adjacent-morningstar-golf-club-ltd-in-receivership/

Just Posted

Olympic skier from Nanaimo suing Alpine Canada after coach’s sex offences

Bertrand Charest was convicted in 2017 on 37 charges

Nanaimo police dog’s bark puts a stop to chainsaw theft

Suspect decides bite might be worse than bark when confronted by RCMP service dog Monday

Air North starts up non-stop flights from Nanaimo to Kelowna

Company running charter flights to Watson Lake, Yukon, including stops in Kelowna and Prince George

HarbourCats highlight busy week at ballpark

Serauxmen Stadium baseball association hosts exhibition game Friday, June 28

Nanaimo RCMP issue warning about counterfeit $100 bills

Fake $100 bill successfully passed at pharmacy on Bowen Road this month

Astronaut David Saint-Jacques returns to Earth, sets Canadian space record

Native of Saint-Lambert, Que., set a record for longest single spaceflight by a Canadian at 204 days

Pedestrian struck by vehicle in Stz’uminus dies from injuries

A male pedestrian was struck in the early morning of June 25

Child killed after being hit in driveway on Vancouver Island

The driver of the vehicle remained at the crash scene and is fully cooperating

Foot ferry service in Nanaimo won’t happen this summer

Island Ferries says it still needs to secure funding

Former Vernon Judo coach pleads guilty to child pornography charges

Bryan Jeffrey McLachlan is set to return to court Sept. 4 for sentencing

B.C. senior’s car vandalized for more than 18 months

Retired RCMP officer determined to catch ‘tagger.’

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Former Canucks goalie Roberto Luongo to retire

‘Bobby Lou’ calls it a career after 19 NHL seasons

Man charged in crash that killed B.C. pregnant woman

Frank Tessman charged for 2018 Highway 1 accident where Kelowna elementary school teacher died

Most Read