POTENTIAL GC OWNERS: Feasibility Studies
We can provide valuable information to help you answer if the addition of a golf course is a prudent business decision, through a customized Golf Course Feasibility Study.
A golf course is a valuable asset to any community and shouldn't be dismissed without careful review of the exact costs and advantages.
The content of a Golf Course Feasibility Study can vary, but essential information is:
- Any infrastructure costs to accept a golf course
- Market study of area and demand that exists
- Projected expenses when complete
- Projection of construction costs
- Understand the financial or bonding options
Important questions that will affect the costs:
- Is there anything on the site that would require remediation or environmental concerns?
- Any bodies of water on or nearby?
- Any present structures?
- Any previous structures?
- Past uses of the property?
- What is close to the parcel? (homes, schools, parks, major roads)
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What are potential benefits of a golf course besides revenues?
- A positive benefit during the permit process
- Attracting companies that are in search of a better quality of life for their families and employees
- Causing a faster absorption of the surrounding property
- Creating a component to proactively solve many environmental issues of the community and development
- Creating a demand for higher development intensities and a broader array of land uses
- Creating a location and environment for social interaction and fund raising for area residents and businesses
- Creating a location to apply effluent water for a wastewater plan
- Creating a vehicle to use for lowering housing densities of a development
- Creating an asset to satisfy the PUD requirement for “green space” allocations
- Creating an environment, which will attract and retain seniors
- Creating between 30-90 jobs
- Creating higher property values of the adjoining property
- Drawing people to the area creating revenue source for existing hotels, gas stations and restaurants
- Encouraging the development of retirement housing in the area
- Increasing the value of adjoining lands and amenities
- Providing an opportunity to tap government-financing sources at lower interest rates that are not available to private entrepreneurs
- Providing operating revenues if built correctly
- Providing revenues that can be used to subsidize other recreational facilities
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If you are considering or need to consider a golf course, please contact us, for we have the knowledge and expertise to guide and lead you through the process.
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Golf Club Consulting, Inc.
831 Westbank Road
Glenwood Springs, CO 81601
Office: 970.384.2069
| Cell: 970.618.0813
reide@golfclubconsulting.com
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