The "National Links Trust Inc. Revenue Bonds Project Approval Resolution of 2025" seeks the Council's approval for the issuance of up to $80 million in tax-exempt revenue bonds to finance improvements at three municipal golf courses: Langston Golf Course, East Potomac Golf Course, and Rock Creek Park Golf Course, located in Wards 4, 5, and 6. The funds will be used for construction and renovation projects, including new clubhouses, driving range facilities, and maintenance areas. Importantly, the resolution clarifies that these bonds will not be considered a debt of the District of Columbia, as they will be repaid solely from the revenue generated by the projects, without any reliance on public funds.
The resolution also grants the Mayor the authority to oversee the bond issuance process and delegate related functions. The National Links Trust Inc., a non-profit organization, aims to improve the accessibility and affordability of these golf courses, which is expected to foster economic development and job creation in the areas of sports, recreation, and tourism. The resolution has received all necessary legal certifications and approvals from relevant District agencies, and it will take effect immediately upon adoption. If the bonds are not issued within three years, the authorization will expire.