The Town of Pahrump closed escrow Friday on the acquisition of the Lake View Executive Golf Course and is currently transferring course operations.
The Pahrump Town General Fund funded the $350,000 purchase, which was approved Dec. 8, 2017, by the Board of County Commissioners sitting as the governing body of the Unincorporated Town of Pahrump. The price was the amount of debt owed by previous owner Lakeview Golf Association, which was made up of homeowners on and near the golf course.
"I am pleased that the board and community supported keeping this course as an amenity for our citizens to enjoy," said County Commissioner Dan Schinhofen, who helped bring the idea of the golf course acquisition to the board. "When I was approached by community members to bring this forward I did not know the outpouring of support it would receive. The former owners let it go for what was owed on it, taking a loss, so that we can all enjoy this unique executive course for generations."
A separate enterprise fund will be set up under the town to cover the course’s operational costs.
"The golf course will be run like a business," County Comptroller Savannah Rucker said. "The goal is for the course to fully support itself and not need tax revenues from the general fund to support operations."