Another Disastrous Month For Oro Valley
Oro Valley has posted the May 2016 financials, and according to Town Councilman Mike Zinkin, “as expected and forecasted by some of us realists, the Town’s forecast for golf was off again. According to Zinkin, the total losses stand at $2,316,428 for fiscal year 15/16.
Troon, the Town’s golf management company, issues a monthly report. Troon shows a cash flow that indicates that Oro Valley citizens lost $169,427 in golf, food, tennis and swimming (not including the Aquatic Center), according to Zinkin.
The Town now expects to lose $2.4 million this fiscal year. “However, for that to happen, we would have to lose only $123,422 in June. This is not likely to happen since the average losses for March, April, and May were $147,655 per month,” Zinkin wrote in a message to constituents. “Losing just the average, our total losses will be $2,464,082.”
“The Overlook restaurant lost $22,814 in May bringing the total losses through May to $232,788. The Head Chef has submitted his two week notice,” reports Zinkin. “In the last 60 days, Troon has lost their Head Golf Professional, Head Groundskeeper, and now their Head Chef. Do you think they know something we don’t know?”
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