tag:blogger.com,1999:blog-6970352414722890324.post4337772918999813739..comments2023-10-14T04:20:55.651-05:00Comments on Just My 2 Cents Worth: Short Stroking - Proposed Contract Changes For Sherrill Park Golf Coursedc-tmhttp://www.blogger.com/profile/14175240802333780232noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6970352414722890324.post-59575134646682019732012-11-16T15:16:41.502-06:002012-11-16T15:16:41.502-06:00Like so many boondoggles passed down from the Slag...Like so many boondoggles passed down from the Slagel/Keffler administration, the golf course is a losing proposition. The current leadership are so blindly committed to maintaining the illusion of affluence that they are about to change the deal in a way that will result in substantial losses continuing into the foreseeable future.<br /><br />Some time ago, the Golf Fund was isolated from the General Fund in order to obscure the profit generated and unbridled spending.<br /><br />Like so many other failed attempts to hide details from the public, the rats were flushed out and the ill-gotten gains have dried up. <br /><br />Now, the Golf Fund debt has ballooned to a point it cannot be serviced and still provide Ronnie with the tidy paycheck he has enjoyed in the past. They've driven the cart into the ditch by accumulating debt the course cannot pay. <br /><br />This scenario will become more familiar as bond money evaporates by way of management fees and charges for "studies" paid to city employees. The promised underlying projects will be (again) rolled over into baiting the next bond election. And, the sheeple will once again be duped into approving another increase in debt so this irresponsibility can continue.<br /><br />Young people, run while you can. Leave those who incurred the debt to find a way to pay for it.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6970352414722890324.post-815770371084523462012-11-16T11:04:11.171-06:002012-11-16T11:04:11.171-06:00There is a switch going on. Debt service for the ...There is a switch going on. Debt service for the golf course should continue to be paid as it was planned and intended - by revenues earned by the golf course - not by the General Fund. How other cities determined to pay their golf course debt has nothing to do with the way Richardson's golf course debt was marketed and sold. <br /><br />Previous losses have occurred primarily because of years of faulty maitenance of Course No. 1's greens by course management (according to the USGA review of the problems) <br /><br />It is hypocritical for the City to say it wants to end the need for transfers of cash from the General Fund to the Golf Fund for losses, then propose a "solution" that does what? Transfer cash from the General Fund to the Golf Fund to pay golf course debt!!<br /><br />And any Councilman who does not see this as the pure bait and switch it is simply does not want to see. Anonymousnoreply@blogger.com