RedTail sale concerns
To the Editor:
The village of Lakewood at Tuesday’s board meeting will attempt to have RedTail Golf Club declared surplus property so it may be sold to an unnamed private party. Really?
RedTail is one of the very few revenue-generators for the village. Reasons to maintain ownership and control of this fully-paid-for asset are many: It produces revenue and operates at a profit, very poor timing because of current depressed golf course valuations, profits will increase when area economic conditions improve, loss of control of this fine community asset, and no guarantee the property will remain a golf course. There is a covenant stating that the acreage remain open land; however, that could be challenged after the course transfers to private ownership.
Sale proceeds of this profitable village asset should not be used for village infrastructure or buildings. Such improvements should be financed by debt instruments and shared by all tax-paying residents.
RedTail has several hundred thousand dollars available only to the golf course that can be used to pay for the prioritizing of needed maintenance. I urge all residents to attend the meeting at 7 p.m. Tuesday in the RedTail clubhouse.
H. David Harris