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Pegasus Golf Club Liquidated, $9 Million Debt, Housing Planned

5/16/2026

Summary

Story summary

Pegasus Golf Club in Pegasus, north of Christchurch, is slated for permanent closure and conversion to housing following its liquidation.
The Pegasus Guardians have been paying $150 per month to employ a greenkeeper to keep the course playable.
A liquidator’s report indicated the former owner owed about $9 million to creditors.
Wolfbrook has offered to keep the golf course and select amenities open temporarily while the property is rezoned for housing.

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Story summary

Pegasus Golf Club in Pegasus, north of Christchurch, is slated for permanent closure and conversion to housing following its liquidation.
The Pegasus Guardians have been paying $150 per month to employ a greenkeeper to keep the course playable.
A liquidator’s report indicated the former owner owed about $9 million to creditors.
Wolfbrook has offered to keep the golf course and select amenities open temporarily while the property is rezoned for housing.