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3/4/2014 11:13:54 AM
 
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Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879515
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If you have to pay taxes on land that isn't producing revenue, it is a liability, I don't know if we pay property tax, do you? and btw, I said operating a golf golf course at a loss is a liability I didn't say owning the land was a liability.
there would be no problem if all those who place great value on it spent their golfing dollars in OP rather than other courses in the area Have you got any data to support that statement? and btw, I am a member so I am holy and above reproach. And it seems to me that if the course were a good investment for golf, there would be interested buyers, so put it on the market and see what the response is. Maybe we could turn it into an asset for HOA members and use the revenue to continue operations or build a new Yacht Club or even give a bonus to the GM |
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For reference, the above message is a reply to a message where: An asset makes money, something that loses money is called a liability, operating a golf golf course at a loss is a liability. Don't confuse a business with a land asset. The golf course operation might be a liability to OP, but the land surely is no liability. OPA's book value asset is primarily the land. With regard to use as a golf course, there would be no problem if all those who place great value on it spent their golfing dollars in OP rather than other courses in the area. |
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Special Board Meeting - Board Room
11/25/2024 - 7:00 P.M. 3 days or less away! |
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OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
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OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |