Talks under way for sale of Churchill Valley Country Club
A potential buyer for Churchill Valley Country Club may become public within weeks, though a sale could take months to conclude, according to a receiver for the financially crippled club.
“We are in negotiations with a number of interested parties, all local, who are interested in purchasing the club,” said Maggie Good, president of Meridian Financial Advisors Ltd., the receiver.
Some expressed interest in continuing the club, which straddles Churchill and Penn Hills, she said. Others said it could be converted into a residential or commercial development. A potential sales price isn't set.
Allegheny County Common Pleas Judge Christine Ward placed the club under receivership when PNC Bank filed a lawsuit Jan. 10 to collect $1.4 million the club owed on its mortgage.
Before any sale could occur, Ward, the bank, and the club's board of directors would have to approve, Good said.
“Club members have been trying for over a year to sell the property,” she said.
The club in recent years tried to increase membership but found it difficult to recruit younger members because a traditional country club format doesn't appeal to them, its president, David Reichenecker, previously said.
He declined comment when Meridian became its receiver.
The club is closed in January and February. PNC's lawsuit named Beulah Road Land Co., which holds the mortgage. It listed the club as tenant.
“We have cancelled events scheduled in March but will consider holding any one where there's a definite hardship involved in the cancellation,” Good said.
Maintenance personnel are keeping the property in good condition, she said.
Churchill Valley Country Club was established by W.W. Martin and three friends in 1931 on 119 acres. At its height, it had more than 1,000 members, in large part because Westinghouse Electric Corp. held events and meetings there.
Over the years, the club booked thousands of wedding receptions, business banquets, high school graduation parties, bar mitzvahs and baby showers. In June 1957, it hosted the National Ladies Professional Golf Association championship.
The property includes a golf course, clubhouse, swimming pool and parking for several hundred cars.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Gasoline prices down nearly a dime in Pittsburgh area
- Shale gas violations down as DEP steps up inspections
- Alpha Natural Resources executive resigns amid restructuring
- Allstate patents driver analysis
- ‘Rank and yank’ doesn’t meet all expectations
- Macy’s prepares outlet stores
- Trib Total Media puts 9 Western Pa. newspapers up for sale
- Bonuses on the rise, but fewer workers receive them, survey shows
- Hackers have wide reach
- Fund fees within investor control
- Regulators expect lawsuit over oil, gas rules process