Dunedin waives rent for Stirling Links amid golf industry woes
Operators of the struggling Dunedin Stirling Links golf course will get a couple of more years to try to boost revenues before they have to start paying the city rent.
In spring 2010, Dunedin contracted with Billy Casper Golf, a national golf course management group, to assume operation and management of the city-owned course.
In addition to sharing revenue and concession profits above a certain threshold, Billy Casper agreed to start paying the city a $25,000 annual license fee in four years to cover rent. Payments were to start in March 2013.
However, golf officials across the nation say the economic downturn has hit the industry especially hard. Billy Casper officials, whose pleas in 2011 for a city subsidy were rejected, approached Dunedin again last week to ask for a compromise on the rent fee.
This time, city commissioners obliged, unanimously voting to waive rent either for two years or until the course generates annual gross golf revenue of $550,000, whichever comes first.
The Links last year generated $329,398 in gross golf revenue, which includes greens, cart, golf pass and driving range income.
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