Country club goes to buyer from Jackson for $810,000
Final bids on the Brookhaven Country Club have been submittedand the property is in line to be sold to a buyer from Jackson, arepresentative of the company handling the sale said Tuesday.
Former Wilson Chrysler-Jeep-Dodge owner Jeff Wilson’s bid of$621,000 for the Brookhaven Country Club was upstaged by AlcatecLLC’s bid of $810,000, said Joseph Luzinski, an associate withDevelopment Specialists Inc. Alcatec is a Jackson-based companyowned by Rosemary Barbour, who is married to the nephew of Gov.Haley Barbour.
“Initially there were seven other bidders on the property,”Luzinski said. “One withdrew their bid at the auction.”
Luzinski expects the property to close around July 4, at whichtime Alcatec will take possession of the country club.
“She has no radical plans to change the country club as I know,”Luzinski said.
Barbour was expected to visit Brookhaven Wednesday.
Development Specialists Inc., the company hired to oversee thebidding process and the disbursement of property once owned byformer WorldCom CEO Bernie Ebbers, has been selling off pieces ofEbbers’ property over the past year and a half. The country clubwas the last asset owned by Ebbers in Lincoln County that was to besold.
All bids on the country club were to be submitted by 10 a.m.June 19, at which time they would be presented to trustees at theoffices of Burr & Forman LLP in Jackson.
In a June 2006 interview a representative with DevelopmentSpecialists said they had hoped to get $1 to $1.2 million for theCounty Club. Ebbers owed $2.4 million on the property when it wasdeeded over to the trust.
Brookhaven County Club currently contains an 18-hole golfcourse, swimming pool, club house and eight tennis courts. The clubis located just off Highway 51 North.
Ebbers was found guilty of securities fraud, conspiracy andfiling false documents with regulators. In a class-action lawsuit,he was ordered to forfeit all of his assets for repayment toinvestors.
All monies received from the sale of Ebbers’ property is placedinto a fiduciary fund that will be distributed to the plaintiffs inthe lawsuit.