HISTORY OF THE ORO VALLEY GOLF FIASCO $6.8 MILLION LOSSES from golf & restaurant operations through Dec. 2017
In 2014, Mayor Hiremath and Councilmembers Hornat, Snider and Waters voted to purchase the El Conquistador Country Club, Golf and Tennis facilities from their largest campaign contributor. This vote took place two weeks after residents learned about the deal.
The Mayor and Councilmembers Hornat, Snider and Waters then voted to approve a half cent sales tax increase to cover all costs associated with the facilities. This sales tax revenue is funneled into a newly created Community Center Fund and treated as revenue. However, the roughly $2 Million in annual sales tax revenue has not covered the expenditures nor the capital improvements promised by the Town.
Update showing a $1.7 Million loss just in Fiscal Year 2017-2018:
To help you better understand this issue:
Video overview of the transaction and its consequences
Other golf videos
Media articles & resident opinion letters
For additional details:
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