Golf Inc. - October 2008 - (Page 19) 4.6% 13.7% 8.1% 12.8% Going up Canned beer Frozen ground meat patties *Electricity General freight trucking Increase in producer prices for various commodities from July 2007 to July 2008 4.7% 4.6% 55.3% 38.1% *From Consumer Price Index Source: U.S. Bureau of Labor Statistics Pumps and pumping equipment Agricultural machinery and equipment Nitrogen fertilizer *Gasoline CRUNCH “We’re going broke slowly,” said I.R.I. Golf Group owner Jeff Silverstein, quickly noting that he was kidding, sort of. And I.R.I., which owns or operates 22 golf properties around the country, is taking steps to fight back. Silverstein said purchasing decisions for all properties now go through I.R.I. corporate headquarters, with purchasing authorization on an as-needed basis only. Specific targets include reduction of fertilizer and chemical applications and careful monitoring of food and beverage costs. Food portion sizes are being reduced, with new, smaller plates and bowls purchased to make the reduction less obvious to customers. Corporate shoppers eye weekly food specials from local and national purveyors to fill out menus. “It’s a very interesting time,” Silverstein said. “I’ve been through this before, but I didn’t think we’d have to go through the October 2008 www.GolfIncMagazine.com 19 RTC (Resolution Trust Corp.) days again, but we are.” Golf course construction contractors are directly impacted by fuel, building material and labor costs and Landscapes Unlimited founder and CEO Bill Kubly said that after several years of steadily climbing prices, builders have basically trimmed their costs as much as possible already. “We’ve probably squeezed everything http://www.GolfIncMagazine.com
Table of Contents Feed for the Digital Edition of Golf Inc. - October 2008 Golf Inc. - October 2008 Contents From the Editors: Smaller is Less Costly Survey Reveal Golf's Economic Impact in EMA Private Club Managers Earn Bigger Salaries Dyes Mourn Loss of Family Member Changing Demographics Impact European Golf Scene RDC Golf Group Finds Affordable Golf Niche Links at Summerly Offers Unique Twist Cost Crunch Most Powerful People in Golf Contractors Focus on Renovations, InternationalProjects Troon, IMG Reach Into Booming Middle East Market Americas Recap: New Player Design in Mexico Europe-Africa Recap: Moroccan Lakeside Development Asia-Australia Recap: 3 Billion Dollar Resort in Vietnam The Last Word: There's No Substitute for Good Friends on a Golf Course Golf Inc. - October 2008 Golf Inc. - October 2008 - Golf Inc. - October 2008 (Page Cover1) Golf Inc. - October 2008 - Golf Inc. - October 2008 (Page Cover2) Golf Inc. - October 2008 - Contents (Page 3) Golf Inc. - October 2008 - From the Editors: Smaller is Less Costly (Page 4) Golf Inc. - October 2008 - From the Editors: Smaller is Less Costly (Page 5) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 6) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 7) Golf Inc. - October 2008 - Survey Reveal Golf's Economic Impact in EMA (Page 8) Golf Inc. - October 2008 - Private Club Managers Earn Bigger Salaries (Page 9) Golf Inc. - October 2008 - Dyes Mourn Loss of Family Member (Page 10) Golf Inc. - October 2008 - Dyes Mourn Loss of Family Member (Page 11) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 12) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 13) Golf Inc. - October 2008 - Changing Demographics Impact European Golf Scene (Page 14) Golf Inc. - October 2008 - RDC Golf Group Finds Affordable Golf Niche (Page 15) Golf Inc. - October 2008 - Links at Summerly Offers Unique Twist (Page 16) Golf Inc. - October 2008 - Links at Summerly Offers Unique Twist (Page 17) Golf Inc. - October 2008 - Cost Crunch (Page 18) Golf Inc. - October 2008 - Cost Crunch (Page 19) Golf Inc. - October 2008 - Cost Crunch (Page 20) Golf Inc. - October 2008 - Cost Crunch (Page 21) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 22) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 23) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 24) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 25) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 26) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 27) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 28) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 29) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 30) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 31) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32a) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 32b) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 33) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 34) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 35) Golf Inc. - October 2008 - Most Powerful People in Golf (Page 36) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 37) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 38) Golf Inc. - October 2008 - Contractors Focus on Renovations, InternationalProjects (Page 39) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 40) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 41) Golf Inc. - October 2008 - Troon, IMG Reach Into Booming Middle East Market (Page 42) Golf Inc. - October 2008 - Americas Recap: New Player Design in Mexico (Page 43) Golf Inc. - October 2008 - Europe-Africa Recap: Moroccan Lakeside Development (Page 44) Golf Inc. - October 2008 - Asia-Australia Recap: 3 Billion Dollar Resort in Vietnam (Page 45) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page 46) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page Cover3) Golf Inc. - October 2008 - The Last Word: There's No Substitute for Good Friends on a Golf Course (Page Cover4)
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