Uncle Irvin: How not to run a golf course
03/29/2016 11:57AM ● Published by Richard Gaw
London Grove owns Inniscrone, a public golf course in which they have invested more than $1.5 million in tax receipts and bank loans, and they have leased it to a management company that is taking them to the cleaners. All the township gets is a fixed payment from the leasing company to cover interest and amortization.
The township is responsible for any and all annual operation losses and items like $32,322 for a new trim mower so the management company can do its job.
Golf courses in general have become bad investments: Too much supply, not enough demand, and very expensive for golfers. In this case, Inniscrone is a money pit for London Grove taxpayers.
(Uncle Irvin's column is his opinion only, and is not a news story.)