Golf course files for bankruptcy

The owners of the Three Lakes Golf Course, formerly Alcoma Golf Club, filed for Chapter 11 bankruptcy protection after the property was listed to be sold in a sheriff's sale on Dec. The bankruptcy filing halted the sheriff's sale pending a resolution from bankruptcy court, according to Sgt. Arthur Hawk, Three Lakes' owner, said that when he bought the course in 2006, he wasn't expecting the economy to take a turn for the worse. Hawk said that the course and its banquet facilities will remain open during the bankruptcy proceedings. "General Motors didn't stop building cars when they filed for Chapter 11. S&T Bank, which holds the mortgage on the course, filed for foreclosure, claiming that more than $1. "There's still a lot of opportunity here," he said. "It's business as usual," he said.

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