KemperSports hopes Palm Harbor will make profit soon

 

KemperSports is having trouble making ends meet at Palm Harbor Golf Club, a property owned by the city of Palm Coast, Florida.

The Illinois-based management company took over the club’s operations in 2009, the year the city acquired it, and anticipated turning a profit by this year. However, the club hasn’t managed to finish in the black even once. Palm Harbor is expected to attract roughly 39,000 rounds of golf in the current fiscal year, down from about 44,000 in the year previous, and its loss will likely reach $100,000.

KemperSports blames the deficits on hard times in the golf business and what the Palm Coast Observer calls “unfriendly weather.” But the firm insists that Palm Harbor won’t bleed red ink forever. In fact, it promises to turn a profit next year.

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