Venture has lost about $4.3M since 2004.

By Cimaron Neugebauer  | The Salt Lake Tribune

First Published Nov 20 2012 10:42 pm • Last Updated Nov 21 2012 12:01 am

Cedar Hills • Despite past claims to the contrary, this Utah County city has never made a profit on its golf course, according to the city manager.

Not only has the golf course not made a profit, financial data shows it has lost nearly a half million dollars each year since 2004, or about $4.3 million, City Manager David Bunker confirmed Tuesday night.

A special town hall meeting on Nov. 15 for residents clarified that previously reported golf course revenue numbers were correct — if you don’t count the omissions of a property tax subsidy and annual loan payments.

For complete article… http://www.sltrib.com/sltrib/news/55321350-78/golf-course-cedar-hills.html.csp

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