|
|
Article: Oklahoma officials look to privatize bond-backed golf courses.
- Article from:
- The Bond Buyer
- Article date:
- July 3, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Despite its development of three bond-financed golf courses this year, the Oklahoma Tourism and Recreation Department plans to seek legislation in 1997 that would privatize the state's golf courses and lodges.
The proposal comes amid criticism about the viability of bond-financed golf courses - and the state's backing of golf course debt - at a time when some leaders say revenues are needed elsewhere. But tourism officials believe those issues could be addressed by developing courses that will be attractive to private investors.
Ed Cook, executive director of the tourism department, said yesterday he wants the Legislature to let private contractors or ...