Archive for Tuesday, October 6, 1992

SCHUMM HOPES TO MOVE DEADLINE FOR GOLF COURSE

October 6, 1992

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Lawrence City Commissioner Bob Schumm thinks golf course developer Jeff Gazaway is near the end of his rope, and he wants his fellow commissioners to pull in the slack.

Commissioners recently gave Gazaway until Jan. 5 to produce proof of financing for a course he hopes to build east of Lawrence. If he can't get backing by then, commissioners said, they would consider building a city course.

"I'm going to ask about moving up the deadline from January to as soon as possible, because it's apparent that Mr. Gazaway doesn't have any tangible investors," Schumm said.

Gazaway turned last week to the Eudora City Council for its support in a lease-purchase agreement that would split ownership between Gazaway and the city.

"It's evident with him running to the Eudora City Council that he doesn't have the potential investors he told us about," Schumm said. "If the city of Eudora turns him down, I'd say he's through."

SCHUMM will ask commissioners to move up their Jan. 5 deadline at their meeting tonight, which will begin at 6:35 p.m. in the city commission meeting room at city hall, Sixth and Massachusetts streets.

Commissioners tabled plans for a city-owned course last fall in hopes that Gazaway could build his public course, meeting local demand for affordable golfing nearby.

The 18-hole course would be next to the Twin Oaks Golf Complex driving range on Kansas Highway 10 at County Road 1057.

Gazaway has told commissioners that several potential backers have expressed interest in his plans.

Howvever, he told the Journal-World last week that after reviewing all his financing options, he decided a lease-purchase agreement was the best route.

UNDER THE proposed lease-purchase agreement with Eudora, an unnamed investor would supply the money to build the municipal course. The investor would be reimbursed over a 15-year period with user fees from the course.

The Eudora City Council has expressed interest in Gazaway's proposal, which would make him a co-owner, and will examine it in detail at a study session next Tuesday.

Gazaway has declined to provide further details about his proposal. He could not be reached for comment this morning.

Schumm said a Eudora city course probably would not best serve the interests of Lawrence golfers.

"My question is what kind of course do you get," Schumm said. "There would be no input from the city (Lawrence) on what would be there. It would shortchange the city of Lawrence."

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