Future of Reedy Meadow Golf Course Emerging as Town Issue

One topic that came up during Monday night's town meeting was the Reedy Meadow and King Rail Golf courses and the costs and revenues they bring.

The attached video clip up above from Monday night shows Town Administrator Bill Gustus saying that when the King Rail Golf Course re-opens next year, golf should account for several hundred thousand dollars in net town revenues.

Selectman Tom Terranova released the statement below about Reedy Meadow Golf Course the day after town meeting:

"Town Meeting was livelier than most, with various topics being raised, one of which was the true financial picture of Reedy Meadow Golf Course.

Tom Terranova pointed out that $791,318 and $799,338 was transferred to the golf course enterprise fund in 2011 and 2012, respectively. This raises a concern that the results of the golf course operations were insufficient to support itself. Terranova further pointed out that the true net losses were $215,618 and $284,934 for 2011 and 2012, respectively.

“This is public information available in the town’s audited financial statements. Reedy Meadow is unable to service its own debt, and we are footing the bill. It is time that we reconsider the value Reedy Meadow brings to Lynnfield, especially in light of the urgent need for field space we currently have."