Mike Zinkin - Mike is a former Oro Valley Town Councilman and he has numbers from Oro Valley's website showing the golf course, tennis courts, and restaurant lost over $2.5 million! Listen to my interview with Mike about how the town is ignoring these losses and ignored a resident that wanted to take over the restaurant.
In FY 15/16:
The Town collected $2,030,750 in the increased sales tax
Troon lost $2,567,385
Net loss = $536,635
In FY 16/17:
The Town collected $2,199,366 in the increased sales tax
Troon lost $2,512,938
Net loss = $313,572
Total for two years = $850,207
This does not include the money taken out of the Genera Fund:
$1,000,000 to purchase the property
$1,200,000 to start the Community Center Fund
$350,000 to supplement the Community Center Fund
Total from General Fund = $2,550,000 + net two year loss ($850,207) = $3,400,207