Friday, February 8, 2008

Ideas for Stonebridge and how to pay for it!


There are quick solutions to every governmental problem- but quick is not always the best (the t word)- and the best answers can come from the government but most of the time they come from the people- I do feel that there are many creative ways to get the golf course funded and keep it in five star operational mode (that is as good as Spring Creek, Southwind and Memphis National)
If you have ideas on how to fund the purchase and rehab of Stonebridge- please feel free to share here. Here are some ideas:
  • If the cost to redo each green is $25,000- offer corporate or business sponsorship for each hole and practice greens at a rate of $35,000 for seven years- If the sponsor pays upfront for the fee- they pay $25,000 or $5000.00 per year, after the seventh year they pay $2500 per year and they get a full membership (each year). The benefit for the business would be at each hole where information is displayed they business would be prominitely displayed- not offenisve marketing, but have signage that is distinct yet earthy. (overheard at the clubhouse- you really shanked that one at the #6 Autozone hole) When thinking of these hole marker or boards- don't think Germantown Parkway- think Germantown!
  • You could have the same ideas for the driving range- (Welcome to the Links at Lakeland driving range sponsored by Fed Ex)
  • The ideas are limitless- $600,000 for sprinkler system- if there are 600 heads in the golf course- charge $100.00 per head for sponsorship- 10% of it is paid. (see above picture)
  • So above we just figured out how to pay for $560,000.00 of the $3.5 million it may take to purchase and rehab the course- again we can create more ways to pay for this, to make it profitable, and the city would own it without debt service so it could be very profitable-
How do the citizen's benefit?
  • Special discounts on membership
  • Invest the profits back into Lakeland Parks and Recreation
  • Stonebridge appreciation value-(I see a day in the future when the homes in Stonebridge are selling for a ridiculous amount of money per square foot)
  • Overall communities appreciation value
What are the community benefits?
As a community- Lakeland has the lake as a quasi identity- it is beautiful and useful- but not all of our residents get to use or enjoy the benefits of the Lake. If done right- the course can be a jewel in our community. When people are looking to move in Shelby County, Lakeland can promote it's schools, low taxes, and our golf course.

These are a few ideas- would love to hear yours-
MS

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