Park Hills closer to sale
The sale of the Park Hills Country Club has moved another step closer to reality.
The club’s general membership voted nearly unanimously Thursday night to enter into an agreement of sale with a group comprised of Steve Sheetz, family council chairman of Sheetz Inc., and Michael, Richard and Leonard Fiore of Leonard S. Fiore Inc., said Thomas Farrell, Park Hills solicitor.
The facility, established in 1927, has been owned by Park Hills Country Club Inc., a nonprofit corporation with all members having an interest, Farrell said.
The club is being sold for financial reasons, Farrell said.
In July, the club’s newsletter stated that the club was in dire need of funds, and Farrell said at some point the board was interested in selling the club, which has been valued at $2 million. In August, citing a dire need of funds, the membership approved a mid-year assessment of $300 to be paid by every voting member of the club.
Park Hills is a 6,100-yard, 18-hole course located within the Altoona area’s most dynamic commercial area that includes the Logan Valley Mall, Park Hills Plaza, numerous restaurants, hotels and Logan Town Centre.
The sale price, which was not disclosed, includes the golf course and all club assets such as the clubhouse, restaurant and swimming pool.
“We are trying to close by Jan. 31,” said Farrell, who said additional details of the sale would be released at that time.