Oadby Golf Course, which has been leased to Oadby and Wigston Borough council by Leicester Racecourse for almost 40 years, is to close at the end of this March 2012
The 18-hole course has cost borough tax payers more than £533,000 since 2005.
Grange ward member and Conservative councillor Rav Thakor has called on Lib Dem John Boyce to resign as leader of the authority, saying he should have shut it years ago.
Coun Thakor, who is one of just four opposition members in the Lib Dem stronghold, said: "In these times we simply cannot afford to be losing this kind of money. I think he should stand down as leader.
"I know the club is going to shut now, but this should have been dealt with years ago – how could it have gone on this long?
"Personally, if that was my decision, to spend that kind of money, I don't think I would be able to carry on.
"It makes you wonder what else they have been wasting money on."
(Adapted from article in Leicester Mercury on 5th March 2012)