Beavercreek won’t close city’s golf course
By Sharahn D. Boykin, Dayton Daily News, Ohio | |
McClatchy-Tribune Information Services |
The city reported
However, golf rounds are up, according to the city.
"Closing the golf course, like others have done in the area, is not an option for us," he said. "We would still be left with having to pay off the note."
Jarvis also said he had concerns that closing the golf club would have a negative impact on nearby home values.
The city purchased the 18-hole golf course in 2004, and annually subsidizes the course's budget with money from the general fund to cover bond payments, according to city officials. The remaining balance on the two bonds related to the golf course total approximately
The city transferred
Most of the food and beverage revenue loss was attributed to the temporary closure of the golf club's 14,000-square-foot clubhouse on
"They (the insurance company) covered the property damage out there and the loss of revenue,"
In addition to food and beverage income, revenues from green fees were are also down from
While food and beverage and greens fee revenues were down, the number of rounds of golf at the club increased 3 percent from 13,704 during the first six months of the year in 2013 compared to 14,100 during the same time period this year.
"When Gem City closed their doors, our rounds increased by 25 to 30 rounds a day," Klick said.
___
(c)2014 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by MCT Information Services
Wordcount: | 490 |
Ohio’s home health industry needs regulation, experts say
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News