MESA, Ariz. – A massive Arizona sports complex that has faced financial troubles has found a new owner.
Legacy Park in Mesa, Ariz., is set to be acquired for $25.5 million by Burke Operating Partners.
Originally opened in January 2022 as Bell Bank Park, the complex has faced numerous problems over the past two years, with founding owner Legacy Cares Inc., filing for bankruptcy earlier this year. In January 2023, Legacy Cares Inc., defaulted on a $284 million debt payment for bonds issued to finance the construction of the park.
Burke Operating Partners and MCA Financial Group, Ltd., the company behind Legacy Cares Inc.’s restructuring, released a joint statement saying the purchase “ensures that a vibrant and popular sports complex will serve the community for years to come.”
Both parties also thanked all those who came together to “make the best of a very difficult situation.”
As reported by local newspaper, the Queen Creek Sun-Times, the acquisition means hundreds of events booked at Legacy Park through the end of the year will go on as planned.
The article states if all things go to plan, Legacy Cares Inc.’s bankruptcy case will be solved by Nov. 20, and Burke Operating Partners will take full ownership.
Legacy Park features eight baseball and softball fields; 19 basketball courts; 35 soccer, football, and lacrosse fields; 57 indoor volleyball courts; and 41 pickleball courts. In addition, the complex features 25 acres of festival space, a 2.7-acre “Great Lawn,” a 3,000-seat outdoor stadium; and a 2,800-seat indoor arena.
