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Silver rock golf discount
Year Opened: 2005, number of Holes: 18 Holes, course Amenities: SilverRock Resort.
Projected revenue for the city from SilverRock in the first 15 years beginning this year as developers pull permits is estimated at more than 53 million even with a bed tax rebate agreement with the developer.
The direction signage on the course was very poor, we got lost a couple of times and it has an "under construction" feel about.
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The (golf course) transfer is allowed to happen after the developer has completed the golf course realignment, after the hotel construction is under way and after the permanent clubhouse is completed, Ihrke said.The golf course should be privatized as it makes good economic sense, Johnson said in a letter he plans to read to the council today, representing about 20 resident golfers.Mayor Pro Tem Robert Radi said if the IRS had picked a higher cap, say.45 percent, the city wouldnt be having this discussion because the private funds would be under the allotted amount.The existing 18-hole Arnold Palmer course, which consumes about 172 acres, cost more than 13 million to build and in the 12 years since it opened, the city has spent an estimated 6 million on operation and maintenance that includes drainage improvements following flooding from.
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If the city ignored the 10 percent cap, it would lose the tax-exempt status on the bonds, and the holders would be required to pay taxes back to their original purchase date and would likely sue La Quinta, city attorney Bill Ihrke said.
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Golfer support, resident and avid golfer Mark Johnson said he approves of the land transfer.He encouraged everyone to look ahead and envision SilverRock in 16 years when the bonds are paid off.Multiple delays, silverRock development superdrug promo codes 2017 has seen numerous delays over the past 15 years, caused by the Great Recession and loss of RDA, but has been gaining momentum the past few months.79-179 Ahmanson lane, La Quinta, CA 92253 (MAP bACK TO TOP, former host of the PGA tours Bob Hope Classic, SilverRock Resort in La Quinta, California, is a premier golf course situated within the Coachella Valley.His comments were echoed by resident George Christopher.Cities dont need to own golf courses.She added that, What we still protect are the sales tax, property tax and hotel tax.Follow her on Twitter @TDSsherry Published 10:58 PM EDT Apr 20, 2017.