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Council divided on Palm Harbor Golf Course sale after $1.825M appraisal; staff asked to provide more financial and operational options
Summary
An appraisal valuing Palm Harbor Golf Course and its business at $1.825 million prompted sharply divided council discussion. Some members urged putting an RFP with a minimum bid, others opposed selling and asked staff for more operational analysis, including IT and fleet allocations, cart leasing, and the Looper's lease.
City staff presented a draft RFP and appraisal for Palm Harbor Golf Course, and council engaged in extended debate over whether to sell, seek private management, or retain and restructure operations.
Staff said the contracted appraisal valued the property, furniture, fixtures and the business as a going concern at about $1,825,000, with depreciated furniture/fixtures valued at roughly $315,000 after depreciation. The presentation listed capital needs over five years including a replacement irrigation pump (estimated about $278,000) and greens renovation (about $1.2…
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