Deeds and WeedsMarch 26, 2009

Spending Money To Make Money

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Some try to get ahead by cutting back. Others take the opposite approach, figuring you've got to spend money to make money. It's not easy taking Door No. 2 these days, but that's what a group in Ogden, Utah, is proposing for the city-owned Mount Ogden Golf Course.

The course, which carries four stars out of five in Golf Digest's Places to Play ratings, has been posting annual losses of $250,000, reports the Ogden Standard-Examiner. A citizen advisory group is proposing to build a $70 million condo/hotel complex overlooking the course to attract more golfers and increase revenue.

The plan includes $6 million to $8 million of work on the course by Nicklaus Design, an expense that would (theoretically) be offset by the sale of timeshare condo units. Also part of the proposal: a new clubhouse. "I'm excited that they have come up with a solution that doesn't involve taxpayers footing the bill," Ogden Mayor Matthew Godfrey is quoted as saying.

-- P.F.