The Rim Golf Club emerges from cloud of developer bankruptcy

The Rim Golf Club in Payson, Arizona announced that the transfer of the golf club property to the member owned Club has been completed, following the bankruptcy of the club’s developer, Crescent Resources. As part of the bankruptcy settlement, the Club and other creditors will also receive 83 residential lots within the community and an 80 acre parcel adjacent to the 550 acre Rim Country residential golf community.  These properties will be sold to further enhance the Club’s balance sheet, which already is debt free.

On June 10, 2009, Crescent Resources announced a bankruptcy filing that affected over 70 properties throughout the United States. Club management responded quickly to the loss of developer revenue by eliminating unnecessary developer-related operating expenses, opening the golf course to limited outside play, and improving overall efficiency, while maintaining the high level of service the Rim is known for. “Everyone pulled together to make some tough decisions to enable us to ensure minimal disruption during the bankruptcy period,” said David Bosley, General Manager of the Club.

Now that a path to the future has been cleared, the Club has resumed selling memberships. Regular Rim Club Memberships, which were previously limited only to property owners, are now available at extremely attractive introductory rates. In addition, the Club has created several other membership categories, including a Junior Membership and an innovative Business Membership. “We are seeing a surge in interest from golfers around the Rim Country and Phoenix, as well as from California,” Bosley commented.

The Club’s 29,000 square foot magnificent clubhouse is also available for events, weddings, charitable fundraisers, corporate retreats and as a supplement to tournaments.

The Rim Golf Club is an award-winning, Weiskopf-Morrish designed 18-hole golf course located in Payson, Arizona. Payson’s mild four season climate is ideal for year round golf. The golf course has won numerous awards and recognition, including Golfweek’s 2010 #3 Best Course in the Southwest, 2011 #21 America’s Best Residential Course and 2010 #55 America’s Best Modern Course. The Club is also on the Golf Digest 2008 Best in State Ranking Arizona #6.

The Rim Golf Club will host two Arizona Golf Association events and a Southwest PGA Sectional event in the summer of 2011.

For more information, contact David Bosley at 928.472.1471 or