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Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) City Service Team (Department)
Core Homeplate Restaurant and Banquet  Percent Cost Recovery Neighborhood Services (Parks)
FED Facility at Texas Ranger Golf Course  Gross Revenue Generated
1.3.1
Summary:

Upon completion of the Texas Rangers Golf Clubhouse, a new Performance
restaurant and banquet facility will open to the public. This is a Gross % Cost
new revenue unit within the Golf Division and a new Revenue Recovery
opportunity to raise the City’s profile within the industry and 1 Qtr. $81,689 118.5%
st
with public. Actual performance for FY 2021 will vary based on 2 Qtr. $93,646 77.9%
nd
opening date. 3 Qtr. $342,123 105.2%
rd
4 Qtr. $252,733 101.1%
th
Update: Total $770,191 100%
The clubhouse and restaurant facility opened to the public,
March 8, 2021. The facility is still in its start‐up phase, the first
year of operations are expected to be challenging from a cost
recovery perspective but we have seen strong initial interest
from the surrounding community and expect it to grow. The
facility was expected to finish its first year below cost recovery;
however, based on currently available reports, the facility has
exceeded its cost recovery expectations and balanced at 100%.

100