The reorganization received support from Front Sight’s creditors and membership and provides a favorable recovery to its creditors and future benefits to former Front Sight members. PrairieFire plans to continue its training and range activities and to make capital improvements to the 550-acre facility in Southern Nevada.
Bill Wilson, CEO, PrairieFire Nevada, said, “The PrairieFire mission is simple — create the finest shooting facility in the world and establish the pre-eminent shooting destination experience. We will continue to work closely with the former Front Sight members, employees, local residents, and Nye County officials in building the home of American shooting sports where members can explore, develop, and grow.”
PrairieFire’s sister company, Stagecoach Outpost, LLC, is leading the development of the site’s 550 acres of real estate which will include a lifestyle residential and RV community. Todd Reid, Stagecoach Outpost’s CEO added, “Stagecoach Outpost plans to invest heavily in the location’s real estate, lodging and hospitality assets. This site provides the ideal location to develop a community embodying the spirit of the American frontier. The Pahrump Valley is beautiful, it has great weather, and it is framed by magnificent mountains on all sides. We are also grateful to be situated near a community of people who share our values – not to mention the entertainment capital of the world is just down the road. Our vision is to establish Stagecoach Outpost as the American community for those who want a bold, adventure-seeking lifestyle. It is a place to live the frontier spirit that resides in many Americans.”
The Court is expected to enter its order confirming the plan in the coming days, after which PrairieFire will complete its acquisition of Front Sight.