Notice Details

Permit No.: R13-B-GC Permitee: LaTourette Golf LLC

The City of New York Department of Parks & Recreation ("Parks") has awarded a concession to LaTourette Golf LLC of 101 Forest Park Drive, Woodhaven, NY, 11421, for the Renovation, Operation and Maintenance of LaTourette Golf Course, located at 1001 Richmond Hill Rd, Staten Island, NY 10306, in the borough of Staten Island (“Permit Premises”) The concession, which was solicited by a Request for Proposals, will operate pursuant to a license agreement for one (1) twenty (20) year term. Concessionaire shall pay to the City license fees consisting of the greater of a guaranteed minimum annual fee versus a percentage of gross receipts: Years 1-5 $500,000 Minimum verses 17% of Cart, Greens Fee and Reservation income. 10% of all other income. An additional 5% of all driving range gross revenue on or above $500,000. 5% of all revenue on or above $3,500,000 Years 6-10 $550,000 Minimum verses 18% of Cart, Greens Fee and Reservation income. 10% of all other income. An additional 5% of all driving range gross revenue on or above $600,000. 5% of all revenue on or above $3,500,000 Years 11-15 $600,000 Minimum verses 19% of Cart, Greens Fee and Reservation income. 10% of all other income. An additional 5% of all driving range gross revenue on or above $700,000. 5% of all revenue on or above $4,000,000 Years 16-20 $650,000 Minimum verses 20% of Cart, Greens Fee and Reservation income. 10% of all other income. An additional 5% of all driving range gross revenue on or above $700,000. 5% of all revenue on or above $4,000,000.