Gene Krekorian from Pro Forma Advisors, is scheduled to be at the 7 p.m. Wednesday, July 17 work session to discuss the analysis that he performed related to the Lynnwood Municipal Golf Course.
In May, the Lynnwood City Council unanimously passed a resolution supporting the on-going operation of the Lynnwood Municipal Golf Course.
A copy of the consultant’s draft report can be found here.
Lynnwood has loaned millions to its struggling municipal golf course since 2008. The Washington state auditor says the loans are not allowed because the golf course can’t afford to pay them back. Lynnwood’s 18-hole city course is supposed to be financially self-sufficient, but it started falling behind in 2008 and had to take out a loan from the city utility fund.
The Director of Parks, Recreation and Cultural Arts, Lynn Sordel, recommended that the city shift the management and marketing of the golf course to the private sector in a 29-page report to the city council during a work session on March 4.
His recommendation would be to have a private operator handle the management and marketing of the course, while the city would continue to maintain the course.