It’s nice to know that no matter what projects the City of Carlsbad considers in future years (Swim complex, skateboard parks) they will always be trumped by sinking more money into the Lossings-At-Carlsbad.
Last night the Carlsbad City Council agreed unanimously to spend $1.6 million on the course next year, in addition to the losses already budgeted for, according to a story in the San Diego Union-Tribune.
Councilman Mark Packard said the council expected the course to break even after five to seven years, and then turn a profit. He said that may take longer with the recession. “I think it would be way premature to walk away from it at this point,” Packard said.
Mark Tanner, the former CFO for the 2002 Winter Olympics and Pepsico International spoke some sense at the meeting. “Sometimes when you make a wrong decision . . . you have to go back and change the decision,” Tanner said.
Exactly.
[Link: San Diego Union-Tribune]
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