As president of the Burbank Senior Men’s Golf Club, I would like to respond to the criticism by Burbank residents to the loan of $1 million and to the reserve of another $1 million to potentially help the Debell Golf Club through difficult economic times.
The course for many years was a revenue producer. It accumulated millions of dollars in an enterprise fund which was to be used to rebuild the old clubhouse. Unfortunately, due to unforeseen circumstances, the construction cost rose.
The city loaned the money needed to be repaid over time. It was not a gift. Since then, the economy has gone into a severe downturn and the rounds played have dropped, leaving the course with a deficit.