IBJNews

City names new golf manager for Eagle Creek

Back to TopCommentsE-mailPrintBookmark and Share

The city of Indianapolis has named a new manager of Eagle Creek Golf Club after terminating its contract with the former operator who defaulted on a $3.5 million loan balance.

Officials late Thursday afternoon appointed RN Thompson Golf, led by Bob Thompson. RN Thompson also manages Smock Golf Course, a municipal course on the city's south side, plus several other area courses, including Gray Eagle, Ironwood, Winding Ridge and Southern Dunes.

Thompson could not be reached for comment Friday morning.

RN Thompson takes over for Jerry Hayslett, who had managed the municipal golf club on West 56th Street since 1999, after the city voided his contract for defaulting on the loan,  IBJ reported March 14.

City documents show Hayslett made his last loan payment in late September, for $22,631.07, which was applied to the loan’s interest. He skipped payments in October and November, before the city resumed paying the loan in December.

The city since has paid $222,724 in principal, interest and late fees to keep the loan in good standing, said Jennifer McGilvray, spokeswoman for Indy Parks.

“Since we are the guarantor of the loan, we have an obligation to make sure the loan is current,” she said. “It’s part of the contract.”

The city extended its contract with Hayslett as operator of Eagle Creek in 2007 for an additional seven years after he agreed to provide $1.2 million in upgrades to the two-course facility.

Those included improvements to the cart barn, cart paths, clubhouse, outdoor rest room and irrigation system, as well as repairs to the 18th hole on the club’s Sycamore Course. Eagle Creek contains two 18-hole courses, The Sycamore Course and The Pines Course.

Hayslett received a 20-year $2.5 million loan in 2000, which was refinanced for a larger amount in 2007, according to city documents.

To replace Hayslett, the city issued “requests for information,” which were due on Monday. The requests sought proposals to run Eagle Creek from five existing operators of the city’s 12 municipal golf courses.

Besides R.N. Thompson, those operators are:

– M.A.N. Golf Management, led by Mark A. Nance: Coffin, Riverside, Riverside Golf Academy;

– Capital City Golf, led by Bill Krohne and Brad Beck: South Grove, Thatcher, Winding River;

– Denny Ford: Pleasant Run, Sarah Shank;

– Cooprider Golf Management, led by Tom and Liz Cooprider: Sahm, Douglass, Whispering Hills.

Hayslett, once a partner in Capital City Golf, is no longer affiliated with the group.

R.N. Thompson will only run the Eagle Creek until the end of the year. The city will then take new bids to manage the course for a longer term, McGilvray said.

“We needed to get someone in immediately to start operating it,” she said, “and this was the best way to go about doing it.”

Future loan payments owed by Eagle Creek, at least through December, will be paid from course revenue submitted to the city. R.N. Thompson will only keep a monthly management fee, which the five bidders submitted with their proposal.

The arrangement differs from the previous contract, in which Hayslett was responsible for loan payments.

Revenue at Eagle Creek fell 20 percent, from $1.3 million in 2006 to $1 million in 2009, before rebounding slightly to $1.1 million last year, according to city documents.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT