Has been negotiated and will be presented to Phoenix City Council for approval:
Under the agreement, ASU would create a non-profit golf foundation to manage Papago, covering all operating and capital expenses for Papago, the city’s third-oldest municipal course. The ASU Foundation also would have to build a new clubhouse at Papago within three years, or the agreement could be terminated.
The foundation would pay the city rent of $200,000 per year until it builds a clubhouse. After the clubhouse is completed, the rent would drop to $100,000 for the next three years, then increase to $200,000, or 20 percent of net revenue, whichever is greater. The city will still own Papago.
In exchange, the university would have naming rights to the new clubhouse and Papago would become home to the ASU men’s and women’s golf programs for team practices and up to two NCAA tournaments a year.
ASU also has agreed to continue to run Papago as a municipal golf course. That means it would charge Phoenix residents greens fees at rates already approved by the City Council and give residents access to half of tee times evenly distributed throughout the year.
The teams currently play at ASU Karsten Golf Course, which the university plans to close and redevelop...
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