The Blaine County Recreation District called to complain last week
about the editorial criticizing a deal with developers in which the district promised to
build a $6 million golf course.
The editorial stated that doing anything less than holding a proper
public hearing and incorporating public concerns into any deal would leave the project
under a cloud—"not a good thing if taxpayers are to be asked to spend $6
million."
According to the district, taxpayers will not be asked to spend $6
million. Instead, they will be asked to guarantee a revenue bond. Payments on the bond
would be made from golf course revenues, which are "virtually guaranteed,"
according to the district, to cover the cost of building the course
If revenues do not cover the costs, however, the guarantee could be
invoked and the district could raise taxes to make up any shortfall.
