Wolf Creek Golf Resort in central Alberta goes into receivership
Wolf Creek Golf Resort has gone into receivership.
Ryan Vold, resort president, has been looking for an investor or buyer for Wolf Creek for “some time,” he said in a letter emailed to members on Oct. 18.
“Our mortgage company has lost faith in me finding a buyer so they now are taking it into their hands,” Vold said in the letter.
“As of the end of the golf season, we, have been given a court order and have been forced into receivership. This will be for the golf course only and does not include the Villages.”
The mortgage company, through the receiver MNP, will be putting the 36-hole course and RV park up for sale by tender this fall, Vold explained in the letter.
“The plan would be to have a new owner by spring to take over the operation and resume business as a golf course,” he said.
“MNP and the mortgage company have asked me to stay on to help with the sale and transition to a new owner. My intention is to try to make this as smooth as possible with the new ownership so there is as little disruption for all involved.”
According to the MNP website, Wolf Creek was placed into receivership proceedings by way of a Court of King’s Bench of Alberta Order on Oct. 13.
The resort’s early bird payment program for 2023 golf memberships is on hold until there is a clearer future, Vold noted.
“All RV park monthly charges will cease for those in the RV program, your trailer, your site will be secure, and we will continue to keep security on over the winter, if you want to pull your trailer out that is your call.”
The late Ralph Vold, Ryan’s father, opened the Wolf Creek Golf Resort in the early 1980s.
The Advocate did not immediately receive comment from MNP upon request.