TL/DR –
The 320-acre Legacy Sports Park in Mesa, Arizona, has been acquired in a $25.8 million deal by AZ Athletic Associates LLC, a company founded by San Francisco-based private equity firm Burke Operating Partners LLC and Rocky Mountain Resources. The park, which had faced financial issues leading to its previous owner filing for Chapter 11 bankruptcy, will be rebranded as Arizona Athletic Grounds at Mesa Campus. The sports complex is one of the largest in the U.S., featuring a range of facilities and attracting millions of visitors since its opening two years ago.
New Owners and Name for Legacy Sports Park
Legacy Sports Park, a 320-acre sports facility in Mesa, Arizona, recently renamed as Arizona Athletic Grounds (AAG) at Mesa Campus, has new owners. The change occurred on Dec. 14 following a financial downturn earlier in the year.
The new owners, AZ Athletic Associates LLC, a collaboration between San Francisco’s Burke Operating Partners LLC and Rocky Mountain Resources, announced the $25.8 million acquisition to the U.S. Bankruptcy Court on the same day.
As one of the largest sports venues in the U.S., AAG houses numerous facilities, including a 3,000-seat outdoor stadium, 2,800-seat indoor arena, multiple sports fields, and courts. Since its opening two years ago, it has attracted millions of visitors.
Previously named Bell Bank Park, the facility had to be rebranded after the bank withdrew its naming rights sponsorship in April 2023 amidst the park’s financial struggles.
The original owners, nonprofit Legacy Cares Inc., filed for Chapter 11 bankruptcy protection in May 2023, owing over $366.7 million to over 200 creditors.
For more information, visit the Business Journal’s report.
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