May 1, 2019 8:32 pm
Updated: May 1, 2019 9:52 pm

Calgary’s Bearspaw Country Club ceases operations

WATCH: Private Calgary golf course Bearspaw Country Club has ceased operations as of Wednesday. As Lisa MacGregor reports, a lot of its members are disappointed.

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Prominent private Calgary golf course Bearspaw Country Club has ceased operations.

Monty Balderston, who sits on the Bearspaw’s Country Club board of directors, confirmed the club emailed members Wednesday to notify them of the decision.

Balderston said it was “a private matter” and would not comment further on the impact for employees or for members, who have already paid dues for this year.

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Government of Alberta documents obtained by Global News show three liens against Bearspaw Country Club Ltd.

The first, by Toronto Dominion Bank, dates back to March 2016.

A second was filed in March 2017 by John Deere Financial Inc., and the third, in June 2018, by CWB National Leasing Inc.

Several members and people who live alongside the course told Global News they’re frustrated and hope to get some of their money back.

In an email sent to members obtained by Global News, the club said the board determined that shareholder participation in proposed financing did not achieve the “necessary criteria to proceed.”​

“Given that, at present, the club does not have a viable go-forward operation and no funds on hand to operate, we are ceasing active operations effective immediately,” the email read.

The club said it will “return funds to the shareholders [who] contributed their $10,000 commitment into trust” by Friday.

© 2019 Global News, a division of Corus Entertainment Inc.

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