Feasibility of a new golf course
Considering a golf course? Start it off right
A golf course is a large financial commitment.
Frequently, an owner or municipality will prematurely decide against a golf course because of its costs or unknowns. A golf course is a valuable asset to any community and shouldn’t be dismissed without careful review of the exact costs and advantages.
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 Market and Feasibility Study.
A vital aspect of a Golf Course Market and Feasibility Study is to obtain impartial information. This is important because the main goal of the study is to get the facts.
Golf Club Consulting, Inc. does not manage golf clubs, nor are we affiliated with an entity that builds golf courses.
The content of a Golf Course Market and 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)
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.
Visit our What Do You Think? page. It asks many pertinent questions pertaining to building a golf course and operating a golf facility and is a great tool to get an understanding of how you think compared to others.
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