Denver golf operator files lawsuit against owners over city purchase deal
DENVER — The operator of the Park Hill Golf Course is suing its owners, claiming it was unfairly left out of the deal the owner made with the City of Denver for the course to be purchased by the city for $20.5 million.
Arcis Golf, based in Texas, leases the golf course from nonprofit owners Clayton Early Learning. Arcis filed a lawsuit last week claiming Arcis violated its lease by announcing the deal to sell, reports BusinessDen.
The deal was announced in September. It stalled in November when it was revealed Arcis had right of first refusal.
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Arcis claims in its lawsuit Clayton did not consider the deal with the city a “bona fide” offer and that the “right of first refusal” did not apply, according to BusinessDen. Arcis also claims in its lawsuit it was strong-armed to give up its lease in October 2017 rather than the July 2018 deadline.
DENVER — The operator of the Park Hill Golf Course is suing its owners, claiming it was unfairly left out of the deal the owner made with the City of Denver for the course to be purchased by the city for $20.5 million.
Arcis Golf, based in Texas, leases the golf course from nonprofit owners Clayton Early Learning. Arcis filed a lawsuit last week claiming Arcis violated its lease by announcing the deal to sell, reports BusinessDen.
The deal was announced in September. It stalled in November when it was revealed Arcis had right of first refusal.
Arcis claims in…
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