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City should not buy the golf course

February 20, 2014

To the editor: Again the ugly head of the golf course rears it head. Councilman Burch wants the city to look again to buy the course that closed in 2006....

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(12)

grabital

Mar-02-14 9:36 AM

Lotioa, that's 23 thousand in the city's cash draw, better then none if the city owned it!!!

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Lolita

Feb-27-14 4:15 PM

Taxes on the property approximately $23,000 a year at this time.

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JustanotherBill

Feb-23-14 9:29 PM

1Sandy your incompetency shines once again. I feel sorry for your other half if you have one.

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grabital

Feb-23-14 8:17 PM

LS, lets not forget the great world tourist attraction Sun Splash, hope its breaking even also! The city doesn't need to be in the entertainment industry, let that be done by people who know how to make things work. What ever happened to the rumor that six flags wanted to build a theme park in the NW area, I guess to many hands started looking for those deep pockets...

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lightswitch

Feb-23-14 3:42 PM

Kirsten if it actually is not losing money it may be braking even?

How many years has it been open?

They were still having problems affording staff and equipment 2 budgets ago!

It opened in 1988 only 25 years ago. If you can't make a golf course work in Florida then where?

Sort of rings of the same question if a city can not exist on a population of 157,000 residents with fair costs of services and fair taxation then where?

And stop using the up north comparison. The northern towns and cities have a business BASE that pays for the infrastructure and pays meaningful wages to their private sector employees.

You should know this by now since they come to the area with their expendable incomes. I bet this city drys that revenue source up soon too!

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1sandy

Feb-23-14 8:20 AM

@Haninginthere: Well, one thing is for sure, the jury is back on you and you have certainly been found to be an idiot! 3 or 4 Council meetings and you have learned, watched and seen enough to be judge and jury? BWAHAHAHAHAHAHA!

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KirstenThompson

Feb-23-14 7:24 AM

LS, Coral Oaks is not losing money.

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Haninginthere

Feb-22-14 10:46 PM

I seriously don’t understand why Cape Coral is*******with incompetent mayors and council members. I kept my mouth shut for a while to see what happens but it is starting to become clear our new mayor is not going to be impressive. I have been watching council meetings and it is blatantly clear that Erbrick and Leon are completely inept. The jury is still out on Marni. I hope she proves me wrong and turns out to be a good mayor but I am not holding my breath.

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grabital

Feb-22-14 11:42 AM

Netra, That's the unknown as to the current property value now, and what would come up if the present owners sell it privately or the city buys it. It may bring values up to current property owners if its restored as a golf course, on the other hand if a private new owner can build homes, condos and maybe a par 3 type course, that 175 acres will bring in new tax moneys. The city is in bad shape to buy anything at this time and should stay away from what a private vender can do.

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netransplant

Feb-22-14 10:54 AM

In what way do you see this being developed as an asset not only to the city but to all the homes connected to the property? Do you know the numbers on the taxes the property pays now? Do you think about the increase in property values of those properties surrounding the property, and what the additional revenues would result from that? A non-factual opinion is less than an opinion.

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lightswitch

Feb-21-14 9:01 AM

The question to ask is did the municipal attractions of Coral Oaks Golf Course or Sun Splash Water Park prove to even be breakeven ventures? Probably not even today. If they are breakeven at best how many years did it take? How much money had to be reinvested years after to keep them viable? With the $950 million probably closer to a billion dollars of DEBT and $36 million in interest to cover the debt for the 2014 budget do we need more? Absolutely not!

4 Agrees | 2 Disagrees | Report Abuse »

JustanotherBill

Feb-21-14 7:21 AM

I totally agree. The city has no business buying this property or investing any money in it.

5 Agrees | 1 Disagrees | Report Abuse »

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