In 1993 Lakewood Golf Club Borrowing Raised Taxes

We already know that a previous Lakewood Village Board made a bsd judgment in issuing Alternative Revenue Bonds to finance the purchase of a golf course now called “RedTail.”

A Northwest Herald article from February 16, 1993, adds some details.

At the time, there was only $100,000 in the golf club’s coffers.

“We might have to look at selling that course,” said Trustee Harold McKenney.

The article concluded with “Trustees hope to attrack more players next session vy tripling the size of their clubhouse trailer.

“They won’t agree to build a permanent clubhouse until the course is solvent or enough park impact fees are collected from developers.”

There ere 18,000 rounds in the first season of play, about which Trustee Jack Frothingham said, “That’s a lot of round for new course.”


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