Wolf Creek Golf Resort receivership may cost thousands of dollars to lease holders

Dozens of RV lease holders are worried they may lose tens of thousands of dollars after the Wolf Creek Golf Resort went into receivership.

Dozens of RV lease holders are worried they may lose tens of thousands of dollars after the Wolf Creek Golf Resort went into receivership.

Sean McGuinness planned to spend his retirement on the green, putting away at the famed Wolf Creek Golf Resort in Ponoka. In 2021, he leased out a lot at the Wolf Creek RV Resort, adjacent to the golf course. He paid $35,000 for a 15-year lease.

“We thought it would be a pretty safe investment because Wolf Creek, and for that matter, the Vold family had been around for over 40 years,” McGuinness said.

However, his investment quickly soured when he was notified the golf resort was going into receivership a year after he signed the paper.

“This was to be a part of our retirement plan, so things really now are up in the air,” he said.

Wolf Creek was placed into receivership on Oct. 13. Five days later, the resort’s president, sent a letter to members.

In the letter, Ryan Vold said, “As many of you already know, I have been trying to find an investor or buyer for Wolf Creek for some time. In fact, on several occasions I felt I had something put together but unfortunately, they all fell thru. Our mortgage company has lost faith in me finding a buyer so they now are taking it into their hands.”