Legacy Park envisaged as multifaceted sports and entertainment complex
Staff Reports | Digital Free Press
Legacy Cares, Inc. the owner of ‘Legacy Park: Arizona’s Premiere Sports & Entertainment Complex,’ has entered Chapter 11 bankruptcy proceedings.
In addition, the sports entertainment entity has hired a new management company and an investment banking firm to provide options to Legacy Cares as it enters Chapter 11 bankruptcy proceedings, but officials close to the matters say the park will continue to be open and operate in the normal course of business as hundreds of events are scheduled to take place through 2030.
In addition, Legacy Cares has engaged an investment bank, Miller Buckfire & Co, to assist it with options including a potential sale of all assets of Legacy Cares.
“Legacy Cares’ goal is to preserve this landmark facility so it can continue to serve the community for many years to come,” said Douglas Moss, president of Legacy Cares, in a prepared statement.
“Legacy Cares intends to use this process to protect and support the Park’s business operations and address Legacy Cares’ debt obligations while working towards an orderly and efficient possible sale of Legacy Cares’ assets in a manner that maximizes their value.” said Mr. Moss.
Legacy Park surpassed more than 4.3 million visitors in 2022 and in addition to numerous sporting events, has hosted dozens of concerts, festivals and family friendly community events with over 1.9 million visitors to date in 2023, according to a press release.
“Many millions of people have visited Legacy Park in its first year of operations and will continue to enjoy Arizona’s premiere sports and entertainment complex for many years to come,” Mr. Moss said in the release.
“For months Legacy Cares has been working on new plans to enhance operations and bring revenues in line with expenses. Professionals have been hired to help Legacy Cares with this process by looking at all options for the park’s best possible future. Today’s announcement of a reorganization along with recent significant management changes will better position Legacy Park to serve as a destination where families and athletes of all ages can enjoy a safe, friendly, high-quality environment to experience different sporting, artistic, educational, and entertainment amenities.”
Legacy Park is a 320-acre sports park facility and entertainment complex located at 6321 S. Ellsworth, near the intersection of State Route 24 and Ellsworth Road in Mesa. Legacy Park features, among several other amenities, 8 baseball and softball fields; 19 basketball courts; 35 soccer, football & lacrosse fields; 57 indoor volleyball courts; and 41 pickleball courts, in addition to 25 acres of festival space, a 2.7-acre Great Lawn, 3,000 seat outdoor stadium and 2,800 seat indoor arena.
