As I reported yesterday, Pierce County’s Chambers Bay Golf Course lost $1.3 million in 2009. The golf course’s fourth quarter financial report spells out the details.
The report shows golfers played 31,834 rounds in 2009 – 17 percent fewer than the previous year. Food and beverage sales declined 15 percent. Merchandise sales were down 22 percent.
The $1.3 million deficit came on $5.5 million in revenue (when you count $812,864 from an internal county loan, the course’s total 2009 revenue was about $6.4 million).
County officials say Chambers Bay will make enough from the 2015 U.S. Open to repay about $3.1 million in recent golf course debts.
You can download a PDF copy of Chambers Bay’s fourth quarter 2009 financial report here.