LSU Golf Course 'not being used as much as it needs to meet financial obligations'
Net income for the 18-hole course has plummeted from $123,221 in fiscal year 2012 to just $18,502 in the fiscal year that ended June 30. Over that same span, net operating revenues have decreased from $1,079,211 to $1,014,188, while operating expenditures have increased from $985,351 to $1,017,973.
The golf course has a target of 50,000 rounds played per year to remain financially viable, but "the course has not met that target and is not being used as much as it needs to meet financial obligations," says LSU Office of Facility Services Assistant Director Tammy Millican in an email to Daily Report. The course missed its goal by 5,000 visitors last year, she says.
No decisions have been made about the future of the course at this point and the possibilities are wide open. It could remain as is, it could become a smaller course, or the campus could find another use for the land. The review board met for the first time last month and will submit its recommendations to administrators in the next couple of months.
The LSU course is not the only one in Baton Rouge facing an ever-tightening financial picture. Several golf courses, including the Oaks at Sherwood, Briarwood Golf Course, Fairwood Country Club, Gonzales Country Club and Shenandoah Country Club, closed their doors in recent years. Check out a Business Report cover story from March on the health of the Baton Rouge-area golf industry. You can also see the breakdown of the LSU Golf Course finances over the past three fiscal years. —Kelly Connelly Read the full story here.