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La Laguna Resort

Lake Elsinore (beautiful from far - far from beautiful)

About La Laguna Resort

What Investers Should Know

The La Laguna Resort, owned by the city of Lake Elsinore, will be improved to compete with private enterprise. The city will pay off the loan to the tune of $640,000 each year with money from the city fund, taxpayers' money.

City Manager Grant Yates and the council members sugarcoated the financial feasibility calculations to trick investors into buying municipal bonds to finance the project. They are convinced the campground will pay for itself.

That's exactly what was said about Lake Elsinore's Diamond Stadium that still did not turn a profit in 23 years and will be paid for by 2032. Each year, $500,000 is paid out of the city fund the help make the payments.

The city will pay off the loan no matter what, cutting in police, fire and maintenance services, thus lowering home values, putting campers, businesses and residents at risk and further hurting the city's already tarnished reputation.

The worst case scenario presented to investors is an annual average of 40% occupancy. How about a more realistic 5% to 20% occupancy? The city's deceiving financial feasibility calculations do not consider an economic recession, toxic algae or a drying up lake.

Why do the city's calculations include a scenario of a 100% annual average scenario? This means the campground would be fully booked for every day of the year, which is impossible. Talk about sugarcoating!

Hard Facts

1. Boat Launch & Campground Occupency

 

4 September 2016 (Saturday 10:40 hrs)

A FULL summer Labor Day weekend. Imagine a weekend in the winter.

Campground, less than 5% occupancy.

Boat Launch, less than 0% occupancy.

20 July 2016 (Wednesday 10:40 hrs)

A FULL summer weekday. Imagine a weekday in the winter.

Campground, less than 1% occupancy.

Boat Launch, less than 2% occupancy.

18 July 2016 (Monday 10:00 hrs)

A FULL summer weekday. Imagine a weekday in the winter.

Campground, less than 1% occupancy.

Boat Launch, nowhere close to 5% occupancy.

15 July 2016 (Friday 10:30 hrs)

A FULL summer weekday. Imagine a weekday in the winter.

Campground, less than 1% occupancy.

Boat Launch, nowhere close to 5% occupancy.

4 July 2016 (Monday 11:00 hrs)

One of the busiest weekends of the year.

Campground, under 40% occupancy.

Boat Launch, nowhere close to 40% occupancy.

3 July 2016 (Sunday 17:00 hrs)

One of the busiest weekends of the year.

Campground, under 40% occupancy.

Boat Launch, nowhere close to 40% occupancy.

2 July 2016 (Saturday 11:30 hrs)

One of the busiest weekends of the year.

Campground

Boat Launch

26 June 2016 (Sunday 11:30 hrs)

A beautiful summer day.

Campground

Boat Launch

2. Camp Anywhere For Free

Allowing free camping all around the La Laguna campground while hoping to make money on the La Laguna campground is as dumb as it gets.

Park your RV anywhere you want, for free. Why pay to stay at the campground?

Pitch your tent by the lake for free and launch your sailboat for free. Why pay for the boat launch?

This is a better spot than what is on offer on the La Laguna Campground. Why pay?!

The city invites you to pile your trash on the beach. Council members do not care. Taxpayers will pick up the cleaning bill.

3. Toxic Algae

2 August 2016 (Tuesday 10:30 hrs)

This worst case scenario is NOT included in the city's business plan.

There is nothing in place today to stop algae growth in the future.

Who wants to swim in Lake Guacamole?

Would you go to La Laguna campground by this lake?

4. The Lake Is Drying up

This worst case scenario is NOT included in the city's business plan.

There is nothing in place today to stop the lake from drying up.

Lake Drying Up - 26 June 2016

Lake Drying Up - 25 November 2016

Lake Drying Up - 26 June 2016

Lake Drying Up - 25 November 2016

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