St. Paul’s Golf Course is closing its doors after council discovered it was over 300 grand in debt.
The course is run by a non-profit group on land leased to them by the town. Council began to smell something fishy when the society requested a $100,000 loan, but council thought they were only 60 thousand in the hole. When it was discovered that their debt load was more than four times that amount, council decided not to approve the loan and terminate the lease.
What will be done with the course’s assets remains uncertain.