01 Forest Park Drive, Woodhaven, NY 11421
PIN#Q411-R-GC
The City of New York Department of Parks & Recreation ("Parks") has awarded a concession to Douglaston GC LLC of 101 Forest Park Drive, Woodhaven, NY, 11421, for the Renovation, Operation, and Maintenance of Douglaston Golf Course, located at 6320 Marathon Pkwy, Queens, NY 11363, in the borough of Queens (“Permit Premises”)
The concession, which was solicited by a Request for Proposals, will operate pursuant to a permit agreement for one (1) twenty (20) year term.
Concessionaire shall pay to the City permit fees consisting of the greater of a guaranteed minimum annual fee versus a percentage of all income: Year 1 $325,000 Minimum versus 11% of all income Year 2 $325,000 Minimum versus 11 % of all income Year 3 $325,000 Minimum versus 11 % of all income Year 4 $325,000 Minimum versus 11 % of all income Year 5 $325,000 Minimum versus 11 % of all income Year 6 $425,000 Minimum versus 12% of all income Year 7 $425,000 Minimum versus 12% of all income Year 8 $425,000 Minimum versus 12% of all income Year 9 $425,000 Minimum versus 12% of all income Year 10 $425,000 Minimum versus 12% of all income Year 11 $525,000 Minimum versus 13% of all income Year 12 $525,000 Minimum versus 13% of all income Year 13 $525,000 Minimum versus 13% of all income Year 14 $525,000 Minimum versus 13% of all income Year 15 $525,000 Minimum versus 13% of all income Year 16 $625,000 Minimum versus 14% of all income Year 17 $625,000 Minimum versus 14% of all income Year 18 $625,000 Minimum versus 14% of all income Year 19 $625,000 Minimum versus 14% of all income Year 20 $625,000 Minimum versus 14% of all income Surcharges: $4.00 per round of golf played (excluding Juniors) through March 31, 2024. $5.00 starting April 1, 2024 and will not be increased through the remainder of the term. + Douglaston Manor (catering facility) Year 1 5% of Total Revenue Year 2 5% of Total Revenue Year 3 5% of Total Revenue Year 4 5% of Total Revenue Year 5 5% of Total Revenue Year 6 5% of Total Revenue Year 7 5% of Total Revenue Year 8 5% of Total Revenue Year 9 5% of Total Revenue Year 10 5% of Total Revenue Year 11 7.5% of Total Revenue Year 12 7.5% of Total Revenue Year 13 7.5% of Total Revenue Year 14 7.5% of Total Revenue Year 15 7.5% of Total Revenue Year 16 7.5% of Total Revenue Year 17 7.5% of Total Revenue Year 18 7.5% of Total Revenue Year 19 7.5% of Total Revenue Year 20 7.5% of Total Revenue