The former home of the Tryon Riding and Hunt Club will go up for auction Feb. 23.
The auction date was set during a hearing Thursday, Jan. 26.
TR&HC staff members recently moved into their new offices at the Green Creek Equestrian Park after getting word that the bank holding the loan on their location in Tryon would foreclose on the property.
Director Laura Weicker said the board was sent the official notice back in December after a year of trying to work toward a payment solution for the loan.
“You hate that it’s gotten to this point – by no means is this where we thought we would be,” Weicker said. “When we bought the property it was a good investment, but then the economy tanked. It’s just been a hard situation.”
The loan was originally made under Carolina First, which is now owned by TD Bank. The local branch in Tryon switched over to the new bank in June 2011.
Weicker said the board sent in four proposals to TD Bank in an effort to work on the loan, without any cooperation for a solution from the bank.
TR&HC had worked out of its Tryon office for four years, purchasing the property in 2007.
TR&HC’s new mailing and physical address is 6985 S. N.C. Hwy 9, Columbus, N.C. 28722. The office numbers are 828-859-6109 and 828-863-0480; fax number 828-863-0482.
Weicker asks that anyone who received a Block House Steeplechase invitation note that the fax number listed on the invitation is incorrect. There was a mix-up with the phone company at the time of printing. Use the number listed above to fax in orders.
See the letter above from TR&HC board members for more information about the situation.