According to WGNS News, after plans for Legacy Sports to build a massive sports complex in Murfreesboro fell through, WGNS has learned under the bankruptcy courts, the organization is having trouble selling their 320-acre Legacy Sports Park in Mesa, Arizona. Evidently, a scheduled sale was canceled because of a lack of bidders. Apparently, no one registered to be a part of the auction, which is overseen by the federal U.S. Bankruptcy Court.
Originally, the auction was scheduled to take place this past Thursday, October 5, 2023. Court documents from the bankruptcy case for Legacy Cares Inc. show the organization failed to receive any bid satisfying the requirements for a “Qualified Bid” under the Bid Procedures Order. The same documents stated, “Debtor has, however, received submissions from several parties interested in purchasing Legacy Park.” Those interested parties are still working with the company’s banker in hopes of securing an offer to present to the courts and property stakeholders.
For the rest of the story visit WGNS Radio News.