The Pellucid Perspective - October 2019 - 18

COMINGS
& GOINGS

It's Fall. More Courses Fall

A

s the golf season winds down in most of the country, golf
course closures and transactions have picked up speed.
It's not all bad news - the Wynn Resort in Las Vegas
reopens its Tom Fazio-redesigned golf course this month to the
tune of $550 greens fees. Wynner, Wynner, Chicken Dinner!
Other big-name news includes the Marriott Desert Ridge
Resort in Phoenix changing hands for a tidy $602 million. And
the venerable Inverrary Country Club in Lauderhill, FL, where
Jackie Gleason entertained us during the Jackie Gleason Inverrary Classic, is closing. Jackie's legendary gold-plated golf clubs?
Check them out HERE.
There are lots of reasons for course closings. Owner retire-

ment, forced bankruptcy, better use for the land...and how
about lack of marketing? Witness the closing of Valley Green
Golf and Country Club, where a local golfer wrote a comment
in the local rag, "I've lived in Hempfield Township for forty-six
years and I never even knew that there was a Valley Green golf
course." Classic.
CORRECTION: In last month's Comings & Goings we
had listed Dumas Memorial GC in the Redevelopment section
of our monthly table. We were contacted by a BREC manager
who informed us that this is a pending decision (fact) and not
imminent (opinion). We also mis-identified the DMA as New
Orleans vs. the property actually being in Baton Rouge.
n

Golf's landscape changes
Event

Open/Re-open

Closed

Course

DMA

Wynn Las
Las Vegas, NV
Vegas
Old Orchard GC Lafayette, LA

Type/Holes

Summary

Public/18

Oct. 11 reopening. $550 a round.

Public/18

Formerly Vermillion GC, reopening with new
ownership
Closed by County in Mar. 2019, reopening with
new operator and 10-year lease.

Village Greens
GC

Seattle/Tacoma, Public/18
WA

Deer Ridge

San Francisco/
Oakland, CA

Public/18

On GolfNow

Northwood
Country Club

Atlanta, GA

Private/18

Owned by Club Corp. No announcement on what
will happen to the 200+ acres, but what was
once a rural location is now suburban placing the
club right in the middle of a dense population
area. Can we speculate on "redevelopment"?

Silver Lake
CC

Grand RapidsKalamazoo, MI

Public/18

Land for sale. Went semi-public in 2013, listed
on GolfNow

Inverrary CC

MiamiFt. Lauderdale

Public/36

The home of the Jackie Gleason Inverrary Classic and other PGA and LPGA events closes June
1, 2020. It's on GolfNow. And away we go....

Millstone GC

Knoxville, TN

Public/18

Last day Oct. 13. Never recovered from Great
Recession. On GolfNow.

Diablo
Grande-Ranch

Sacramento/
Public/18
Modesto/Stockton, CA

Owner/developed World International (that kind
of encompasses everything, right?) cites financial hardship. It closed the Legends course in
2014 - the only course designed by Nicklaus and
Sarazen. 29K+ acre development up for sale.

Signature at
West Neck GC

Norfolk, VA

Public/18

But you can still have a wedding there.

Bluebonnet
Hill GC

Austin, TX

Public/18

Closing Dec. 31, 2019. On GolfNow

Valley Green
G&CC

Pittsburgh, PA

Public/18

At end of year. On GolfNow. We may have found
the reason from a reader comment, "I've lived
in Hempfield Township for forty six years and I
never even knew that there was a Valley Green
Golf Club."

Indian Wells
GC

Myrtle Beach,
SC

Public/18

At end of year. Was already zoned for housing
when purchased by Founders Group Int'l.

Hollydale GC

Minneapolis, MN Public/18

18 The Pellucid PersPecTive

Owners retiring.

October 2019



The Pellucid Perspective - October 2019

Table of Contents for the Digital Edition of The Pellucid Perspective - October 2019

TOC
Some Supply and Demand Ghostbusting
Taxes on Tee-Time Transaction Fees: But Who Pays?
Ahwatukee: The Course That Won’t Die
Put September in the “W” column
Recent Utilization gains modest but encouraging
Denver has reasons to be high on golf
Closures and transactions accelerate for Fall
The Pellucid Perspective - October 2019 - TOC
The Pellucid Perspective - October 2019 - Some Supply and Demand Ghostbusting
The Pellucid Perspective - October 2019 - 3
The Pellucid Perspective - October 2019 - 4
The Pellucid Perspective - October 2019 - 5
The Pellucid Perspective - October 2019 - 6
The Pellucid Perspective - October 2019 - 7
The Pellucid Perspective - October 2019 - Taxes on Tee-Time Transaction Fees: But Who Pays?
The Pellucid Perspective - October 2019 - 9
The Pellucid Perspective - October 2019 - Ahwatukee: The Course That Won’t Die
The Pellucid Perspective - October 2019 - 11
The Pellucid Perspective - October 2019 - Put September in the “W” column
The Pellucid Perspective - October 2019 - 13
The Pellucid Perspective - October 2019 - Recent Utilization gains modest but encouraging
The Pellucid Perspective - October 2019 - 15
The Pellucid Perspective - October 2019 - Denver has reasons to be high on golf
The Pellucid Perspective - October 2019 - 17
The Pellucid Perspective - October 2019 - Closures and transactions accelerate for Fall
The Pellucid Perspective - October 2019 - 19
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