Re: Semi-Private Golf courses
Originally Posted by senorchipotle
Oakmont Country Club just north of Dallas was in this situation about 1995 or so. Originally designed as a private club, the members got all uppidy about allowing outsiders to play - until the adult managers told them they could go bust and lose their investment if the club went bankrupt. From the looks of the website, they may have rebounded and shifted to private. Do you know Oakmont's situation now?http://www.clubcorp.com/club/scripts...MTCC&SUBGRP=15
Sometimes developers will build an upscale golf course in a rural area in the path of suburban expansion. Often combine it with a couple of high-$$ subdivisions on the side. The developers start selling memberships while allowing everyday people to play at the course for a fee. This has two benefits:
* Shows off the golf course
* Allows them to make money on the excess capacity of rounds when initial membership is low.
If memberships sell well, at a certain time they will take the club private. WingHaven C.C. in west St. Louis County an example of this. When my work trips first took me to the area in 2005, WH was still semi-private. It's marketing blurbs warned that "memberships are going fast." From its website, it appears it is private now:www.winghavencc.com
Courses built on a semi-p to private plan which don't sell enough memberships some times get shut down and subdivided, or sold to a local city or county. If it becomes a public course, new management likely will fill in some of the sand traps to cut maintenance costs, and cut down some trees on tight fairways to speed up play.
One of the young assistant pros here on the Illinois side said all the semi-p clubs are having the same recession problem: Memberships are lagging, and non-members only want to pay $30 for a $60 round of golf. (That's $60 in good times when people have jobs)