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Broken Arrow board approves 50-year ground lease and contracts for indoor golf practice facility
Summary
The Broken Arrow board approved a 50-year ground lease and a triple-net sublease with Forest Ridge Golf Club to build an indoor golf practice facility for district student-athletes, and awarded design and construction-management contracts funded with bond proceeds and interest from prior bond series.
Broken Arrow Public Schools voted to approve a 50-year ground lease and a related triple-net sublease with Forest Ridge Golf Club to construct an indoor golf practice facility and locker space for junior-high and high-school athletes.
Mr. Dunn, presenting the proposal, said the arrangement would allow the district to construct the facility without owning the land and that Forest Ridge would assume routine operating costs after construction. He told the board the construction funds would come from interest earned on previous general obligation bond series that had not been budgeted for…
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