"A sour raspberry to the city of Encinitas for relying on homeowners fees to cover financial obligations of the Encinitas Ranch Golf Course. As the economy headed south, fewer people could afford to play golf --- and so income from the golf course is down.""Some 900 homeowners live in Encinitas Community Facilities District 1, and pay an annual assessment that covers the cost of roads, sewer lines, etc., put in when their homes were built."Source North County Times, July 11, 2011. Sounds like Stocks' sockpuppet "Coastal Watchdog" in the comments thread chiding the NCT.
"The golf course is supposed to contribute to that fund, to help lower homeowners' obligations. That the golf course is now unable to cover its own obligations, leaving homeowners to pick up the difference, illustrates why it's better to have risk ventures like golf courses owned by private-sector outfits."
