Calgary’s public golf courses lost $2 million over three years
City-owned golf courses are bleeding red, losing a combined $2 million over the past three years, according to newly released documents.
The records, obtained by the Canadian Taxpayers Federation through a Freedom of Information request, show five of Calgary’s six publicly operated courses failed to make a profit between 2015 and 2017.
“It’s time for the city to get out of the golf business altogether,” Colin Craig, the federation’s Alberta director, said in a statement.
“What would happen if these courses were converted into residential spaces with green space or perhaps mixeduse commercial and residential developments?”
The city operates the Shaganappi Point, Confederation Park, McCall Lake, Maple Ridge, Richmond Green, and Lakeview golf courses.
According to the documents, Shaganappi Point earned between $261,336 and $470,821 in profit annually over the three-year stretch. Confederation earned $6,475 in 2015, but lost $200,000 the following two years. Councillor says the city should do all it can to sustain the golf courses at thestar.com