Company That Runs Two Lubbock Golf Courses Behind in Payments - KCBD NewsChannel 11 Lubbock

12/2/08

Company That Runs Two Lubbock Golf Courses Behind in Payments

The company that manages two golf courses in Lubbock has been told to find some money or give up the properties. 

A company called CNL owns Lakeridge Golf Course in Lubbock. CNL contracts with a company called EAGL Golf to manage Lakeridge. EAGL also manages Meadowbrook.

According to Golf Inc. Magazine, CNL told EAGL that $37-million of late rent on 43 golf courses is unacceptable and gave the company until this past Saturday to fix it. That deadline included Lakeridge, not Meadowbrook.

Tuesday night NewsChannel 11 double checked with a high ranking city official and it was indicated that EAGL still owes the City of Lubbock nearly $100,000 in late payments.  

However, Wednesday morning the city sent out a statement saying that payment of $136,360.18 was recieved on November 24th.

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