Tuesday, August 13, 2013

Scottsdale defends itself over aid in golf course renovations

Staff Phoenix Business Journal

The city of Scottsdale is fighting a lawsuit filed this summer that claims a recent contribution to renovations at McDowell Mountain Golf Club constituted an illegal subsidy.

AZCentral reports the city has asked the complaint be dismissed. The city contributed $1.5 million to renovations at the golf course's clubhouse. The U.S. Bureau of Reclamation owns most of the land beneath the course, and the city has an agreement to use it. A private entity, White Buffalo Golf LLC, bought the course?s operating rights from SunCor Development Corp. of Tempe in April last year for $2.2 million.

Read more at the link below.

Source: http://feeds.bizjournals.com/~r/bizj_phoenix/~3/xNNqLuebBk0/scottsdale-defends-itself-over-aid-in.html

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