Purchase Price
Total - $1,000,000
Total transfers from the General Fund to the Community Center Fund (CCF)
FY 2014/15 $1.2 million to start the CCF Fund
FY 2016/17 $350,000
Total Transfers - $1,550,000
Total sales tax revenues from the dedicated sales tax increase to fund the CCF
FY 2014/15 - $506,710
FY 2015/16 - $2,030,750
FY 2016/17 - $2,199,466
FY 2017/18 - $2,330,941
FY 2018/19 - $906,463 (through Nov. 2018)
Total Sales Taxes - $7,974,330
Grand Total of tax dollars funneled to the Community Center/Golf = $10,524,330.
That’s $10 million dollars of the people’s money and the Community Center is still not ADA compliant. This is your money that could have built a new, state-of-the-art Community Center. In addition, the sales tax increase could have been repealed after the new Community Center was built.
Total Troon losses – Forecasted vs. Actual
FY 2014/15 – Lost $1,112,252 (Opened for only two months)
FY 2015/16 - Forecasted - $1,518,343; Lost $2,567,385 -- (off by $1,049,042)
FY 2016/17 - Forecasted - $1,534,505: Lost $2,512,938 -- (off by $978,433)
FY 2017/18 - Forecasted - $1,822,941; Lost $1,993,040 -- (off by $170,099)
FY 2018/19 – Forecasted (see below); Lost $1,102,243 (through Nov. 2018)
In FY 2018/19, Troon initially forecasted losses to be $1,893,595. However, they updated their forecast to $1,936,101. We are only 4 months into the fiscal year, and they have already lost $1.1 million.
Total Troon losses - $9,287,858 and counting
Food and beverage losses (Overlook Restaurant)
FY 2014/15 – Unknown. (Opened for only two months)
FY 2015/16 - $255,570
FY 2016/17 - $114,792
FY 2017/18 - $96,100
FY 2018/19 - $62,325 (through Nov. 2018)
Total restaurant losses - $528,787
Member Dues
FY 2014/15 – $201,531
FY 2015/16 - $876,133
FY 2016/17 - $725,611
FY 2017/18 - $784,071
FY 2018/19 - $284,968 (through Nov. 2018)
Total dues - $2,872,314
The Town Council needs to ask staff the following questions:
• Why is the facility still not ADA compliant after almost four years of operations?
• Why are the citizens still subsidizing the Overlook Restaurant?
• Why is the staff still supporting the 45-hole golf model?
• Why is the staff still supporting a dedicated golf course for only 226 members?
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Editor's Note: We originally posted incorrect numbers for Troon losses in FY 17/18. We have corrected the information.
