Golf Course Subsidy?

Started by SusanK14 • 6 replies • 187 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

SusanK14 (Arizona)
Posts: 1

Posted:

I live in a large over 55 community in Arizona with approximately 3200 homes and two golf courses owned by the community. They are looking to subsidize these golf courses by $15 million and doing a special assessment to charge the community. Is this a reasonable request? We subsidize the courses up to $1 million a year.

MelissaP1 (Alabama)
Posts: 13,836

Posted:

Depends on how many loves golf.

Former HOA President

JohnC46 (South Carolina)
Posts: 14,265

Posted:

Susan

Who is "they"?

CathyA3 (Ohio)
Posts: 6,299

Posted:

Assuming "they" means the board and "subsidize via a special assessment" means that the board wants to improve/add features to the golf courses, then I assume that this would be a capital improvement that would require a homeowner vote. I'm assuming it because of the difference in what's being paid now vs. the proposed special assessment.

But this really is an educated guess since I have no experience with big-ticket amenities like golf courses.

LetA (Nevada)
Posts: 2,679

Posted:

One of the reasons why I do not live in a golf course community. This is like the Time Share debacle. This is just giving
the golf course a blank check every few years.

Is this golf course a private club or a public course? Your answer would be better answered by an attorney who specializes
in HOAs. On the surface, The golf course should just raise greens fees to cover the expenditure. You probably have some clause
in your governing documents that uses assessments to pay for the golf course. The short answer is unfortunately yes the HOA
can demand a special assessment to cover the golf course.

JohnC46 (South Carolina)
Posts: 14,265

Posted:

Quote:

Posted By CathyA3 on 02/27/2024 10:05 AM
Assuming "they" means the board and "subsidize via a special assessment" means that the board wants to improve/add features to the golf courses, then I assume that this would be a capital improvement that would require a homeowner vote. I'm assuming it because of the difference in what's being paid now vs. the proposed special assessment.

But this really is an educated guess since I have no experience with big-ticket amenities like golf courses.

I will bet you it is still under declarant control.

DeanJ
Posts: 1,786

Posted:

Quote:

Posted By SusanK14 on 02/27/2024 6:35 AM
I live in a large over 55 community in Arizona with approximately 3200 homes and two golf courses owned by the community. They are looking to subsidize these golf courses by $15 million and doing a special assessment to charge the community. Is this a reasonable request? We subsidize the courses up to $1 million a year.

A special assessment is normally a product of poor reserve planning for infrastructure such as club houses, pools, roads, ect. The $15 million is likely a one time charge and not for the annual operating expenses for the 2 golf courses.

You chose to purchase a home in a community with 2 golf courses supported by 3200 home owners. If the board doesn’t assess you, where exactly do you believe the money is going to come from?

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here