By Allison Hurtado | Ahwatukee Foothills News
According to a feasibility study commissioned by Save the Lakes, the Lakes Golf Course, under the right management, could realize an annual net income of $254,000 as a golf course.
The study, which was done by an independent consultant, Buddie Johnson, in April and May, was released Wednesday. It states that the annual revenue for the Ahwatukee Lakes Golf Club could be $1.377 million based on a course of that size. The cost to run the course would be $1.123 million, leaving an annual operating income of $254,000.
