Malibu Golf Club Closed, Owner Files for Bankruptcy Protection

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Malibu Golf Club

The once-controversial Malibu Golf Club, which opened in 1989, has now closed after owners Malibu Associates foreclosed on their $47 million loan from U.S. Bank, according to reports from the L.A. Times who broke the story last week.

Malibu Associates has also filed for Chapter 11 bankruptcy, in a filing that purportedly lists $76 million in assets to the company and $47 million in liabilities.

The golf club, located off Encinal in Western Malibu, includes a restaurant and clubhouse as well as an 18-hole golf course.

According to the L.A. Times story, Envicom Corp. in Westlake Village and Ballard Rosenberg Golper & Savitt were some of Malibu Associates’ largest unsecured creditors. 

Envicom Corp is an environmental, biological and land planning firm and Ballard Rosenberg Golper & Savitt is a law firm, which according to their website, specializes in employment law.

There is no word as to if or when the golf club may reopen.