MCA Financial Group is proud to sponsor the upcoming Legacy Park Bankruptcy Panel, hosted by the Turnaround Management Association (TMA), on Tuesday, September 30, 2025, from 5:30 to 7:30 p.m. at the Esplanade Conference Center in Phoenix, Arizona.
This highly anticipated program will bring together industry leaders to examine one of Arizona’s most complex and closely followed bankruptcy cases: the Chapter 11 proceedings of the former Legacy Park, now known as Arizona Athletic Grounds.
Representing MCA Financial Group, Keith Bierman, Senior Managing Director, will join a distinguished panel to share his insights and experiences from the case. Keith’s role in guiding the restructuring process provides him with a unique perspective that will enrich the evening’s discussion.
The Legacy Park bankruptcy story captured headlines nationwide. The 320-acre youth and amateur sports complex opened in January 2022 but defaulted on its $300 million municipal bond financing within its first year. Federal investigators later revealed financial fraud by the original developers who were convicted and sentenced to prison in September 2025.
With more than $300 million in liabilities, the bankruptcy filing by Legacy Cares Inc. in May 2023 became one of the largest nonprofit Chapter 11 cases in Arizona history. The sports facility was eventually sold out of bankruptcy and continues to operate under new ownership as Arizona Athletic Grounds.
The upcoming panel will explore the case from multiple angles, including the legal, financial, and operational challenges of restructuring a facility of such size and complexity. Attendees can expect candid discussion on the lessons learned, the impacts on bondholders and important takeaways about the restructuring process.
In addition to Keith Bierman, panelists include Hon. Daniel P. Collins of the U.S. Bankruptcy Court, and legal counsel representing key stakeholders directly involved in the proceedings. Together, they will provide a comprehensive overview of the Legacy Park case and its broader implications for the restructuring community.
For MCA Financial Group, this sponsorship and panel participation highlight the firm’s ongoing dedication to delivering strategic solutions in bankruptcy, restructuring, and financial advisory. Keith Bierman’s contributions to the panel will reflect both the depth of MCA’s expertise and its reputation for guiding clients through the most complex financial challenges.
The Legacy Park Bankruptcy Panel is open to both TMA members and non-members. Registration is available through TMA Arizona, with discounted rates for members. Space is expected to fill quickly given the significance of the case and the caliber of the speakers.