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ROYAL OAK — City officials in Royal Oak are planning on selling one of its money-losing golf courses, according to the Oakland Press. The two courses combined have lost more than $500,000 since 2002, the Press reported, but the city is only considering selling Normandy Oaks Golf Course.
The city has received 17 bids from developers with bids ranging up to $18 million for the property, the Press reported.
The city has been trying to reconcile a string of general fund deficits. In the last year alone, the city’s financial report showed that its general fund revenues were about $1 million less than expenses.
