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Legacy Cares Files Chapter 11 After $284M Arizona Revenue Bonds Default; Mesa Sports Park Sells for $25.8M

Arizona nonprofit Legacy Cares filed chapter 11 in May 2023 after $284M in revenue bonds defaulted and the Mesa sports complex missed its 2022 revenue budget by over $70M. The park sold for $25.8M in December 2023; the SEC and DOJ charged its founders with bond fraud in April 2025.

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Legacy Cares Files Chapter 11 After $284M Arizona Revenue Bonds Default; Mesa Sports Park Sells for $25.8M