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High School Sports
County audit slams developer of Compass Pointe Golf CoursePublished 01/21/06
Poor oversight of construction by the developer of a 36-hole Pasadena golf course preceded the county's takeover of the financially troubled project, a county audit has found. The Maryland Economic Development Corp.'s lack of a paper trail and other checks and balances on the project make it impossible to know whether the county got a good deal when it bailed out the course for $26.2 million in March, according to the report by County Auditor Teresa Sutherland. With interest, the bond payments could be nearly $40 million, although revenue from the 36-hole public course is supposed to cover the bonds' cost. The council...
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