Last week, Angie Many of Eckert expressed an interest in a financial analysis of Delta County's golf courses.
I can't speak with much confidence about the Cedaredge golf course, because I haven't looked over the figures quite yet. Though when I see headlines like "Golf course needs cash infusion" (DCI, Oct. 26), I believe that it is safe to assume that things are not going as planned.
When it comes to Devil's Thumb in Delta, "not going as planned" would be an understatement. For the last 10 years, this grassy boondoggle has run over $3 million in deficits. For something so green, there is certainly an alarming amount of red with this golf course.
To make up for this huge deficit, the City of Delta transfers approximately $300,000 a year from its utilities funds to help Devil's Thumb break even. Interestingly enough, almost half of this transfer -- $145,000 annually -- goes toward debt service. (All of these financial records are open to the public, and I'd be happy to share what I received from the City of Delta. Send me an email at firstname.lastname@example.org if you're interested.)
Considering these figures, it's a safe bet to assume that the grass is greener on the other side. This unsustainable investment -- that the City of Delta doesn't own outright -- is draining funds from other public accounts. And, apparently, the loan for the golf course is due to balloon in 2020 -- so we have that to look forward to.
It's time to privatize all golf courses in Delta County.
Libertarian Party of Delta County