LAKE BLUFF – The Lake Bluff Golf Club will remain open through the 2019 season if private donors raise $265,000 by fall 2018. The decision, approved by the Park District’s Board of Commissioners at a special meeting May 7, was made in an effort to help offset operating losses and upcoming capital needs at the 18-hole course.
For the course to remain open next year, half the funds must be raised through private dollars and received by the Park District in cash by October 31. Pledges for the remaining funds must be received by October 31 and converted to cash no later than January 2, 2019. None of these funds, which will help support keeping the Golf Club open in 2019, are tax dollars.
Due to declining revenues and the high cost of maintaining a quality club, outlays for the Lake Bluff Golf Club are projected to be $5.4 million over the next 12 years—$2.7 million in operating losses plus $2.7 million in identified capital needs. These figures were considered by the Board in its decision.
Additionally, on April 30, the Park District issued a request for proposals (RFP) for a long-term Lake Bluff Golf Club lease. Under the terms of a lease agreement, the lessee would pay the Park District an annual lease fee and be responsible for operational, maintenance and capital expenses. Proposals will be accepted through June 13.
“The Board and staff agree that a lease agreement would put the Park District in a good position to meet our 12-year financial sustainability plan,” said Park District Board President Rob Douglass. “But the Board wants residents to know that we are doing everything possible to keep this golf club open. If the funds are raised through private donations, the club will be open through 2019.”
Donations will be processed through the Park District’s foundation, Friends of Lake Bluff Parks, a 501(c)3 nonprofit organization. Individuals interested in contributing to the Golf Club are encouraged to visit the Friends of Lake Bluff Parks website, FriendsofLBParks.org. Donation and pledge forms are also available in the pro shop at the Golf Club, and at the guest services desk in the recreation center.
Submitted by the Lake Bluff Park District.