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South Bend Redevelopment Commission <br />Regular Meeting - December 2, 1994 <br />6. NEW BUSINESS (Cont.) <br />C. continued... <br />Mr. Rippey noted that golf course business <br />is measured on gross revenues per round <br />of golf. Since opening Labor Day <br />weekend, the average revenue per round <br />has been $54.66, including food and <br />beverage and merchandise. The 1995 <br />proposed budget is based on that same rate <br />of income per round played. <br />Mr. Rippey noted that the only change <br />made to the proposed 1995 budget since <br />August is to reduce the projected income <br />from running the golf school to break -even <br />since 1995 will be the first year for the <br />golf school. The budget is based on <br />projected 30,000 rounds of golf played <br />(9,000 non - resident and 21,000 resident <br />rounds). <br />Mr. Cierzniak asked if there are other <br />communities where the Redevelopment <br />Commission owns a golf course. Mr. <br />Rippey responded that North American <br />Golf is working with Lake St. Louis, <br />Missouri, where their public facilities <br />authority owns the golf course. That <br />agency is similar to the Redevelopment <br />Commission. He also mentioned one in <br />Hampton Virginia that has been very <br />successful and he believes there are others. <br />Upon a motion by Mr. Faccenda, <br />seconded by Mr. Donoho and unanimously <br />carried, the Commission approved the <br />1995 rates for Blackthorn Golf Course. <br />d. Commission approval requested for 1995 <br />Operating Budget for Blackthorn Golf <br />Course. <br />COMMISSION APPROVED THE 1995 RATES <br />FOR BLACKTHORN GOLF COURSE <br />