In reference to the operations of the Bittersweet Course, he feels the course has a well-run club with solid management. The course has an adequate operating budget and has funded quality levels. The major disadvantage for the course is in reference to design of the course, which creates a competitive disadvantage. He then explained the findings in reference to the competition from other courses. He feels there is a shrinking market but that the Bittersweet course is a high quality course.
Price is a factor and many new courses are higher priced than Bittersweet.
He feels that in the future the Bittersweet Golf Course will have a positive cash flow. Public funding is the only way, he sees, to replace the debt and to allow a cash flow in the next five years. No other scenarios return funds to the Village. He then explained his recommendation in that the Village should negotiate a buy-out of the Bittersweet Venture. He noted that new debt for the operators is likely to cost more than the present debt.