Carlsbadistan’s $74 million golf course continues to miss it’s budeting marks losing ground in nearly every metric, according to a story in the San Diego Union-Tribune.
The course, The Crossings at Carlsbad, was projected to lose $893,428 in 2008, an amount the council approved last year. That loss ballooned to $1.6 million, however, and the budget projects a similar loss in 2009. . . . The course made less money than projected – $6.4 million as opposed to $6.6 million – and cost more to operate – $5.9 million as opposed to $5.6 million.
Next year tax payers may be asked to kick in another $1.6 million. Then again with the economy going south and unemployment growing, people may have a lot more time to golf in the coming year.
[Link: San Diego Union-Tribune]
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