Worth links hits revenue goal

  • Written by Kevin M. Coyne

  Despite four inches of rain and multiple storms in June, the Water’s Edge Golf Course met its revenue goals for the month, a Worth village trustee said Tuesday. 

  Worth Trustee Mary Rhein at the Village Board’s first meeting in July said the municipally-owned course played host to 5,890 rounds in June.
  “We budgeted for 6,015, so we are down a couple hundred rounds, which is not bad considering the wet conditions we had in,” Rhein told the board.
  The Edge Bar and Grill also met its $96,000 goal for June, Rhein added.
  The course has produced enough income to help pay back the interest on the bond issued to build the course.
  “We made our on time, as scheduled payment of the interest on the golf course, which was about $141,000 in interest,” said Rhein.
  The village also uses funds yielded by a golf course property tax levy to help pay back the principal on the bonds. Worth for many years abated the tax, but has collected it in years — including 2012 and 2013 — when village officials have deemed the money generated by the course insufficient to cover the bond payments.
  The driving range and event management staff have helped to improve the course’s revenue stream for this year and the following year, Rhein said.
  “The driving range did great too,” she said. “They produced about $14,000 in revenue along with holding, in the month of June, 1,150 outing rounds. Out of those outings in June they all rebooked for 2014.”
  After the storms this last month the Water’s Edge greens crew worked hard to ensure golfers had playable conditions the next day, Rhein said.
  “The course is in excellent condition considering the play and the weather,” she added. “Our agronomic division is doing a great job keeping up with the grounds and our maintenance crew did stay late when we had that storm come through because we had a lot of tree damage.”