Compass Pointe: Council Made Best of Bad Situation

The County Council issued $26 million in bonds last night and took over Compass Pointe. While not the optimal solution for anybody, the County Council made the best situation it could in an incredibly bad situation.

The most frustrating aspect of the Compass Pointe situation is that it was an easily avoidable stiatuation. The Maryland Economic Development Corporation (MEDCO) was not allowed to provide own or develop corporations that would compete with as a for-profit entity. That was changed upon passage of Senate Bill 486, spearheaded by our County Senate Delegation and Senator Phil Jimeno. The Bill allowed for MEDCO to compete with private businesses, paving the way for the construction of Compass Pointe.

While the Council made the best of a bad situation, this was a situation that clearly could have been avoided had our Senate delegation followed the laws of common sense and kept State Government out of the golf business.