LakePoint Sporting Community Exits Bankruptcy

EMERSON, GA — LakePoint Sporting Community announced this week that it has recapitalized according to its plan within the time frame established in June, and will emerge from Chapter 11 bankruptcy on a "strong financial footing."

The Emerson-based company also said it will establish a clear path to sustained and stable growth as the premier youth travel sports vacation destination. LakePoint in June announced its Chapter 11 filing for bankruptcy, a move it said will allow the company to emerge with a clean slate.

The exit from bankruptcy culminates in an exciting year for LakePoint, which saw nearly $8 million invested by Rimrock Capital in real estate at the complex. It also experienced a record-setting 1.25 million visitor days and 10 percent overall growth, the start of a $29 million road-bridge project to open up future development, and hundreds of notable events and tournaments.

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Rimrock Capital in early December announced an investment in Prep Baseball Report, which operates hundreds of amateur baseball events in 41 states and Canada and runs the country’s largest independent baseball scouting service. With Rimrock’s backing, LakePoint and Prep Baseball will enter into a long-term partnership to operate LakePoint’s baseball facilities. The first PBR tournament will be played at LakePoint in the spring of 2019.

“This is a great way to finish out the year with a clean, all equity balance sheet, a strong financial outlook, and tremendous interest from new partners,” said Jeff Bemis, who oversees Rimrock’s controlling stake in LakePoint. “The new PBR partnership aligns with our goal of integrating sports operations with real estate, capital and strategic partnerships.”

LakePoint’s proximity to Hartsfield-Jackson Atlanta International Airport ensures that more than 80 percent of the country is less than a two-hour flight away, furthering the complex’s massive
impact on the surrounding area.

Athletes travel from across the country to compete in more than 40 sports at LakePoint’s state-of-the-art indoor and outdoor facilities. These visits total more than one million each year, translating to an estimated $100 million in economic impact for Bartow County and the surrounding area.

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