Last week, Northeast Ohio Golf wrote in three different stories that the Munson Township trustees, in conjunction with the Northeast Ohio Sewer District and the Geauga County Park District, have submitted an application to the Ohio EPA in an effort to obtain $5.1 million in “water clean-up funding” to purchase — and then close — the nationally-recognized Fowlers Mill Golf Course in Chesterland.
It was also reported (based on a story in the Lake County News Herald) that Todd Peterson’s investment group, FMGC LLC, paid $3.1 million for the property in December of 2009.
Those stories concluded that courtesy of taxpayer money, the investment group potentially could earn a $2 million windfall in just nine months.
But in reality, the windfall would be much greater than $2M, as the purchase price from last December was not correctly reported by the News Herald.
