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Mystic - Mystic Indoor Tennis, which closed down Aug. 1 in the midst of bankruptcy proceedings, is expected to reopen in the next two months under new ownership.
Matt McCormack, a Mystic resident and chief executive of the successful New London technology firm QDiscovery, said Wednesday that he has signed a purchase-and-sale agreement with the club's owner, Lex Kessler, to buy the more than 5-acre property. Terms of the agreement were not revealed.
McCormack said he plans to retain the tennis facility, updating both the lighting and back screens, while demolishing an old house on the property and constructing a 21,000-square-foot multi-use sports facility as well as a good-sized modern clubhouse with locker rooms.
"My kids are active in sports," said McCormack, who plans to hire someone to manage the facility. "The goal is to create a sports complex with a lodge-like clubhouse where members can gather and socialize."
McCormack said phase one of his project would be to update the tennis facility and build a clubhouse between 2,500 and 3,000 square feet in size. The second phase would involve constructing a sports complex that could house soccer, lacrosse or even baseball practices.
He plans to meet with previous club members over the next few weeks to get feedback on what they would like to see in a new facility.
According to a bankruptcy filing, Mystic Indoor Tennis is operated by Danbury Sports LLC, while Swoosh LP owns the real estate. Both Danbury Sports and the club are owned by Kessler or his family members, according to the filing in U.S. Bankruptcy Court for the Southern District of New York.
JPMorgan Chase obtained a foreclosure judgment in February of this year, claiming a debt of nearly $900,000. McCormack made an offer on the property in July, according to court filings, which indicated that the Town of Groton also had initiated foreclosure proceedings related to about $150,000 in back taxes.
McCormack said he hoped the purchase of Mystic Indoor Tennis, previously known as the Old Mystic Club, would go forward following a Sept. 18 bankruptcy hearing.