IBJNews

City seeking long-term operator of Eagle Creek course

Back to TopCommentsE-mailPrintBookmark and Share

The city of Indianapolis is seeking a long-term manager of Eagle Creek Golf Club after terminating its contract with the former operator, which it intends to sue for defaulting on a $3.5 million loan he had received to make course improvements.

Bids for an eight-year contract beginning Jan. 1 will be accepted through July 29, according to the city’s request for proposals.

Officials in March appointed RN Thompson Golf, led by Bob Thompson, to manage Eagle Creek on an interim basis. RN Thompson also manages Smock Golf Course, a municipal course on the city’s south side, in addition to several other area courses, including Gray Eagle, Ironwood, Winding Ridge and Southern Dunes.

RN Thompson took over for Jerry Hayslett, who had managed the municipal golf club on West 56th Street since 1999, after the city terminated his contract for defaulting on the loan.

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 paid roughly $214,000 in principal, interest and late fees to keep the loan in good standing through March, when RN Thompson assumed management, said Jennifer McGilvray, spokeswoman for Indy Parks. The city expects to continue making additional loan payments through December totaling $247,000. All told, the city will pay $461,000 in loan payments until a long-term operator assumes management of Eagle Creek, she said.

According to the RFP, the winning bidder is expected to reimburse the city the $247,000 it paid after naming RN Thompson interim manager.

McGilvray said on Tuesday that the city intends to sue Hayslett to recoup the other $214,000, though she didn’t know when a lawsuit might be filed.

“The amount that we’re going after is still being determined because we’re still investigating any kinds of damages,” she said.

Hayslett received a 20-year, $2.5 million loan in 2000, which was refinanced for a larger amount in 2007, according to city documents. The city extended its contract with Hayslett in 2007 for an additional seven years after he agreed to provide $1.2 million in upgrades to the two-course facility.

Eagle Creek contains two 18-hole courses, The Sycamore Course and The Pines Course.

The city’s RFP mentions “outstanding debt” on the golf course totaling $3.5 million and says the Department of Parks and Recreation will request “innovative ideas” to repay the debt.

“Assuming or restructuring this debt should be included in your financing plan,” the RFP tells potential bidders.
 
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

  • Is It Over?
    I guess from this story, the close personal friendship between Jerry Hayslett and Mayor Ballard that resulted in the administration doing favors for Hayslett is over?

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. What became of this project? Anyone know?

  2. Scott, could you post an enlarged photo of the exterior of the building? This will be a great addition to Walnut Street. This area will only continue to develop with additions like this. Also, please give us more updates on the "Cultural Trail light" expansion. Also a great move for the city, as long as there is maintenance money set aside.

  3. Great story IBJ! Citizens don't have a real sense of the financial magnitude of supporting Indy's sports and tourism sector. The CIB was a brilliant idea for creating a highly integrated public-private partnership to support this sector from the economic activity it generates. Unfortunately, most folks think the benefits of that economic activity accrue directly to the City budget, and it doesn't. So though the CIB is facing lean times (covering its costs while maintaining minimally acceptable reserves), the City is operating with deficit - less tax revenue than expenses each year - with a very fragile reserve balance. That's why it's so challenging for the City to fund basic needs or new intitatives (e.g. pre-k education; new jail), and some credit rating agencies have downgraded Indy from it's past stellar AAA status. More reporting on City finances would be welcomed.

  4. Sure, I'll admit that it bugs me to see that the IBJ.COM censors it's blog posts almost as much as the D of I does when someone points out the falsehoods and fabrications. _____But I think it bothers me almost as much that Captain/Defender/Disciple get his yanked too. You see, those of us with a sense of integrity, humanity, compassion, and a need for fact based opinion WANT to see all of his screeds posted. It makes our point so much better than we can do it ourselves.

  5. We're conflating two very different topics. Voter fraud is a myth and excessive gun violence is all too real. I just hope rational gunowners decide to stop being shouted down by the, well, let's call them "less rational" ones.

ADVERTISEMENT