A large trade is coming to Belmont Golfing Direction.
The Henrico Board of Supervisors is anticipated to approve Tuesday evening a answer that might flip operations and control of the Lakeside route over to an out of doors entity for the following 20 years.
That staff (as but unknown publicly) would hire, function and take care of the route, set all charges and acquire and stay all income right through that time period. Henrico would proceed to possess the route, however the transfer would loose the county from the monetary losses it’s skilled lately (together with about $240,000 in every of the previous 3 fiscal years).
The brand new operator would give a contribution $3.25 million into an escrow account towards the price of renovations for the route, and the county would give a contribution $750,000. The route’s bunkers badly want restore, in step with county officers.
As a part of the deal, the brand new operator additionally will supply Henrico County Public Colleges and the Henrico County Police Athletic League loose use of the amenities and provides, in conjunction with tutorial improve, for a adolescence golfing program designed to introduce and expand the sport of golfing for Henrico County kids, in step with a board paper.
The settlement would take impact Jan. 1 and be renewable in 5-year increments after its preliminary 20-year time period concludes. Henrico County bought the golfing route in 1977 from the Hermitage Nation Membership and has operated it ever since.
The transfer can be some other in a line of public-private partnerships introduced by means of Henrico County this 12 months. Others come with the deliberate development of aquatics facilities at Regency Sq. (in partnership with Thalhimer, The Rebkee Co. and NOVA of Virginia Aquatics) and on Laburnum Road (in partnership with the YMCA of Better Richmond) and plans for an indoor enviornment and convocation heart on the website online of Virginia Middle Commons (in partnership with The Rebkee Co.).