Originally Posted by
topflightpro
If I did the math correctly, it looks like the property tax bill is about $48,600 a year.
I'm still not convinced the operation can generate sufficient revenue to cover all operating costs, let alone the purchase price.
If it was setup as a non-profit, or government owned, then the property taxes would be zero.
Of course, for $4.7 Million, at 1% return on investment, one gets $47,000 in annual interest. At a 5% return on investment, one gets over $200,000 annual interest.
It is a fairly high elevation course, so it should be pretty fast.
It sounds like someone needs to do some serious crowd funding. Perhaps try to get some government grants to convert it to publicly owned.