Gwinnett Repos Golf Course And $1.8M In Debt
Share this post by emailGwinnett County is repossessing Collins Hill Golf Course which is currently 1.8 million dollars in debt. Charles Bannister states that the $1.8 million will be paid from existing tax reserve funds.
The course was originally purchased by the county in 1988 for $3.4 million because local golfers whined that it was too inconvenient to drive elsewhere to play. It was a controversial decision even way back then, but the board of commissioners said it was a great deal.
The story then becomes somewhat convoluted and mired in minutia,… the AJC does a great job of detailing the timeline of events, just suffice it to say that the property has never made money and continues to hemorrhage cash, but now the county taxpayers are on the hook for its medical and rehab bill.
• Gwinnett to repossess golf course, pay its $1.8 million debt - AJC
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Adobe Acrobat
August 17th, 2010 at 10:04 AM
Gwinnett County is becoming quite the sports Mecca. We should all go play a round of golf, then take in a Gwinnett Braves game and finish by taking a swim in the debt that all of this foolishness has created.
August 18th, 2010 at 12:45 PM
Meanwhile my property tax assessment remains obscenely high.
September 17th, 2010 at 5:58 PM
“PAID FROM EXISTING TAX RESERVE FUNDS”? WHAT RESERVE FUNDS? MY PROPERTY TAXES KEEP GETTING JACKED UP FOR WHAT? TO PAY FOR GOLF COURSES? BOY, THE EMERGENCY SERVICES SECTOR MUST BE PISSED OFF - CAN’T GIVE THE COPS OR FIREMEN A RAISE FOR RISKING THEIR NECKS, BUT WE CAN BUY GOLF COURSES THAT ARE IN THE RED. THIS COUNTY IS GOING TO HELL!