Mount Vintage Plantation Golf Club’s recent financial woes could force the current ownership group to sell – or face foreclosure.
Plantation Alliance LLC, headed by Mike Hooker, filed for Chapter 11 bankruptcy Jan. 6, according to court documents. The case was dismissed Feb. 5. Attorney Scott Klosinski said Feb. 11 the club could not stay open.
“It was simple economics,” said Klosinski, an Augusta attorney who represents the ownership group. “They ran out of money and had been operating at a loss for some time.”
Klosinski said Plantation Alliance can now either sell the golf course and facilities or force the lender, Bank of Camden in Knoxville, Tenn., to foreclose.
According to documents, claims in the bankruptcy filing included $197,813 to the Edgefield County Tax Commissioner and $111,003 to John Deere Financial.
Hooker closed the golf course, town center and restaurant Feb. 7. The owner has not returned phone messages, but released a statement to WRDW-Ch. 12.
“Plantation Alliance will no longer absorb the monthly losses incurred to operate the 27-hole championship golf course and community fitness center. These amenities require developer and additional property owner support to operate and remain open,” Hooker’s statement said.
Hooker, who has been a Mount Vintage resident since 2003, bought the golf club Aug. 1, 2011, from Mount Vintage Development Co. LLC.
The club off Sweetwater Road in Edgefield County nearly closed in 2010 before Hooker stepped in.
The original 18-hole course designed by Tom Jackson opened in 2000. In 2008, a third nine, also designed by Jackson, opened.
Mount Vintage has played host to numerous professional, amateur and junior golf tournaments, including the LPGA Tour’s Asahi Ryokuken International and NGA Tour’s Kandy Waters Memorial Classic.