The President of the Steinbach Fly-In Golf Club appreciates the city for agreeing to a land deal that will help the club with its financial difficulties. The city is buying 40 acres of the golf club property for $500,000. The city already owned the adjacent 40 acres and now owns the entire front nine of the golf course. It will be leased back to the golf club for one dollar a year.
Club President Darren Klassen says a large turnout of members voted unanimously in favour of the deal at a meeting Monday night and then waited for the city's approval Tuesday.
"Our opportunity to work with the city is significant. It really allows the golf club to improve its financial position and work through some pretty tough times. It's not a secret, the golf business has been tough and we have struggled to balance the budget on an annual basis. So this is really going to put the Steinbach Fly-In Golf Club in a position to survive for a number of years to come."
Members were told Monday night that the golf club has a debt of $1.2 million and has lost money each year for a number of years. Klassen says, for the golf club, the deal is only the beginning of steps to address the financial issues.
"We absolutely know this is step one. We absolutely know that the revenue to the golf club has to improve. It doesn't matter if we make this deal with the city or not, we do need to work to improve the revenue at the golf club. The board is working hard to solve the revenue problem. I feel confident that we've got a great board in place that's going to work through the issue and will come out with some great solutions through the 2018 golf season."