April 25, 2024 6:15 am
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Legacy Park owners file for bankruptcy protection

By Your Valley

The owners a massive sports and entertainment complex in Mesa are still doing business, even as they look for buyer to purchase the assets out of bankruptcy court.

Legacy Cares Inc. the owner of the 320-acre Legacy Park formerly known as Bell Bank Park, has hired a new management company and an investment banking firm to provide options to Legacy Cares as it enters Chapter 11.

In addition, Legacy Cares has hired New York-based investment bank Miller Buckfire & Co. to assist it with options including a potential sale of all Legacy Cares’ assets. The company expects to have a buyer lined up and the sale completed by August.

Company officials said the park will continue to operate as it goes through the bankruptcy process. Chapter 11 allows for companies to reorganize their corporate structure and deal with creditors.

The facility plans to continue to operate in the normal course of business as hundreds of events are scheduled to take place through 2030.

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