Are Boca Raton taxpayers ready to spend $14 million over appraised value for a golf course?

ocean-breeze-golf

The Boca Raton Beach & Park District is prepared to pay $24 million for the Ocean Breeze Golf Club near Boca Teeca which is about $14 million over its appraised value. The private golf course couldn’t make it financially and finally had to close. The property is now owned by a Wells Fargo subsidiary with an option by Lennar Homes who was hoping to develop the property. It is said that once the Beach and Park District acquires the land, the City of Boca Raton plans to spend an additional $10 million into the property with a hotel, golf course, and golf learning center.

The golf course that the city owns just west of the turnpike off Glades Road loses anywhere from $300,000 to $600,000 each year depending on who you speak with about its operations. The city is reviewing bids to sell that golf course and utilize that money to lend the Beach & Park District the money to buy Ocean Breeze. Many taxpayers have voiced they would like to see the city utilize the western golf course sale proceeds to reduce their taxes. As of yesterday, there is a written contract which will be presented at a meeting next week.

The Libertarian Party of Palm Beach County has come out against the purchase last month stating, “Taxpayer money should only be used on
projects that will be used by all residents and visitors, not a handful of residents and
visitors. Government-run golf courses are most often a nice subsidy for relatively
wealthy golfers paid for by all the non-golfing taxpayers.”

Much of this is up in the air and there is a public meeting about the project coming up on May 8, 2017, at 4:30 p.m. at 6500 Congress Avenue in Boca Raton. This will be a joint presentation by the City of Boca Raton and the Greater Boca Raton Beach & Park District and the public will have time to comment.

 

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Categories: Government, Leisure, Sports

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