To prevent a total financial collapse of the entire 223-acre property, the difficult but necessary decision was made to permanently close the money-losing golf course at the end of the 2016 playing season.
It has been suggested that golf operations be retained or resumed. It is not in the financial interest of taxpayers to subsidize a private golf course and there is no viable financial path to reopening the golf course. Taxpayers should not fall into debt to buy a failed golf course.
The Indian Lakes golf course was developed in the 1960’s and expanded over time. A clubhouse was added and at one point, the course featured 36-holes.
In 2007, a major renovation of the entire resort property was completed to convert to the standards of a Hilton resort. Nearly 25% of the entire investment was made on the golf course, which included reconfiguration of the course, the addition of an island green and creation of the driving range.
While well intended, this investment did not improve the course’s operations. During the last five years of its operation, utilization at the Indian Lakes golf course averaged just 30 percent as interest from the public continued to fade away consistent with the downturn in golf and oversupply of courses in the region. As a result, the Indian Lakes golf course was losing approximately $1 million annually.