Statement issued Wednesday:
Private investors are breathing new life into a north side Fort Wayne country club. A group of Pine Valley Country Club members has acquired the 35 year old golf, swimming. tennis and meeting complex with the goal of improving the facilities and increasing membership.
"Our primary goal is to make Pine Valley the best "family oriented" private club in the Fort Wayne area," states David Dumas, Vice President of the Board.
According to Robert Schenkel, President of the Board, "Nationally, the business model of successful country clubs has changed. PV Ventures is excited about the challenge and opportunity to ensure that Pine Valley Country Club continues to meet and exceed the needs of our membership."
If the group would not have stepped up to the plate, the harsh reality is that the club would have closed. This would have been a tragedy to Fort Wayne, and would have forced all of the clubs staff into unemployment. PV Ventures has been able to maintain staff, and looks to increase employment as membership continues to grow.
The group has already completed improvements to the golf course and pro shop, and they have many other changes scheduled for this summer. Additional enhancements include renovations to the dining areas, menus, and resurfacing the tennis courts.
"The good news for members, and prospective members, is that we are now debt free, and have the equity to do the things here that need to be done," noted Randy Kammeyer, Treasurer of the Board. "PV Ventures, LLC was able to pay off all existing debt and is investing a substantial amount into the improvement of the club."
According to board members, since the purchase, Pine Valley has seen a significant increase in membership. The existing membership, new members and potential members, seem to be excited about the new structure and the positive changes that are already happening at the club.