Title
Capital Needs Assessment
Body
The Golf Enterprise Program (GEP) has historically been structured and expected to support both Operating and Capital Financial needs through revenues generated from course operations and has not been part of the City’s Capital Improvement Plan. Aside from irrigation upgrades in 2000 and the Parks Division’s investment in Yahara’s clubhouse, GEP has failed to invest in Capital Infrastructure for a number of reasons, and most recently due to lack of available funds within the program. The failing infrastructure, including both course and building conditions as well as equipment, pose an increasingly concerning problem to the GEP’s overall profitability as they have led to course closures and increased operating expenses as staff work to make repairs and short-term fixes to keep mission critical areas and equipment functional. The Needs Assessment identifies all known capital investment needs as of today and anticipates the needs for reinvestment over the next decade in a manner to demonstrate the scale and scope of capital infrastructure necessary to operate 72 holes of municipal golf at four courses.
Staff will provide an overview of the current equipment and course conditions and will describe how these impact the playability and overall financial success of the GEP. Staff have worked to map and provide descriptions and images of the issues, contextualize the impact of the issues on play and overall service delivery, as well as prioritize the needs in terms of greatest impact on current operating structure. Investment in Capital Infrastructure is one of the primary driving factors in the future success of the GEP. Using preliminarily mapped drawings by field staff, adjusted historic costs, current comparable project estimates from Parks Division projects, available industry data through National Golf Foundation and local municipal programs, consideration of zoning codes and best available site mapping data, staff...
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