Bankrupt Golf Course Sold for $6 Million

Long Island National Golf Course, after filing for bankruptcy earlier this year, has reportedly been purchased for $6 million by a New York City developer. 

According to Newsday, Don Zucker – who purchased the bankrupt North Shore Country Club in Glen Head a few years back – submitted the only qualifying, competing bid.

The golf course, which opened at the corner of Northville Turnpike and Sound Avenue in 1999, was designed by Robert Trent Jones Jr., and features a links-style layout. 

Previous owner William Gatz told the Riverhead News-Review in February that the course's financial situation was "a sign of the economic times." There is still nearly $2.5 million of outstanding debt on the property.

According to Newsday, Zucker's company intends to keep the property a golf course, rather than develop it.

Click here to read the Newsday article (subscription required).