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

Nanaimo Art Gallery unveils new front-entrance sculpture

‘Supernatural Eagle Bringing the Sun Back to the World’ made by sculptors William and Joel Good

Nanaimo RCMP ask for help finding missing woman

Serenedawn Cook was last seen Oct. 5

Candidates’ meeting will put council hopefuls in a ‘fishbowl’

Debate is tonight, Oct. 15, at Vancouver Island Conference Centre

VIU Mariners hockey team showing comeback ability

Vancouver Island University wins its home opener 4-3 against UVic

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

Dying motorcyclist gets last-ride tribute at Nanaimo hospital

Friends grant Corinna Pitney’s wish ‘to hear bikes roar, to see leather and chrome’

Candidate lists finalized for Nanaimo, Lantzville, RDN, school district

Nomination deadline passes in advance of Oct. 20 local government elections

Election 2018: candidate questionnaires

News Bulletin’s questionnaire responses for Nanaimo, Lantzville, school board, regional district

Nanaimo council candidates talk about public consultation and branding the city

Chase River town hall candidates’ meeting was held Sunday afternoon

Nanaimo Clippers ‘clip’ North Island Atom Eagles’ wings on the road

The Nanaimo Clippers defeated the North Island Atom Eagles 6-4 on Saturday in Port McNeill.

Rotary Used Book Sale in Nanaimo a real page-turner

An estimated 100,000 previously enjoyed books are being sold at Nanaimo North Town Centre

Transport Canada to take new look at rules, research on school bus seatbelts

Canada doesn’t currently require seatbelts on school buses

Sockeye run in Shuswap expected to be close to 2014 numbers

Salute to the Sockeye on Adams River continues until Sunday, Oct. 21 at 4 p.m.

Michelle Mungall’s baby first in B.C. legislature chamber

B.C. energy minister praises support of staff, fellow MLAs

Most Read