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By Joe Kimball | Published Thu, Apr 30 2009 3:33 pm
Many municipal golf courses are losing money and require a taxpayer subsidy, says the Freedom Foundation of Minnesota. The conservative group, which supports lower taxes, said city-owned golf courses lost about $2 million in 2007.
Of the more than 500 Minnesota golf courses, just over 100 municipal courses are owned by about 70 cities across the state and the vast majority of city courses lose money, the group said.
It said Moorhead has lost $1,488,226 on its golf courses between 2003 and 2007 and has not turned an operational profit in more than five years. Its taxpayers will be paying off golf course bonds until the year 2021. Golf spending accounts for 2.8 percent of Moorhead's 2009 budget, more than the information technology and library budgets combined.
The group says these are the municipal golf courses with the most losses from 2003 to 2007:
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