Steamfitters Union Owns Hillcrest Golf Club
Last year, this union bought the Hillcrest Golf Club in St. Paul, Minn., paying $4.3 million in cash for the private club and vowing to keep it private for at least two years, government documents show.
The 112-acre site in St. Paul has an estimated market value of $15.4 million and includes an 18-hole course, a rebuilt clubhouse, banquet hall and a swimming pool.
The unions members, including retirees, unanimously approved the purchase, using money from a special building fund established in the 1980s and financed by contributions from member paychecks.
The purchase of the course accounted for 64% of the locals expenses in 2011 (the union pays taxes on the club).
The local may need to increase membership to cover operating costs, which could run as high as $1 million a year, plus build reserves for future maintenance and improvements.
http://www.foxbusiness.com/government/2012/07/05/union-bling-union-junkets-1969452526/#ixzz1zmZHx7Gr
Please change link to Fox Business...
Got it! Thanks!
When I saw the qvc link I figured it’s the same thing that happens to when I copy and paste. For some reason my XP doesn’t always clear the clipboard.
Now if I’m on my tablet it’s because I’m not good at using it, LOL!