The Pellucid Perspective - December 2021 - 11
Event
Course
Redevelopment
Casta Del Sol
Golf Course
Patriot Hills
Golf Club
Status Change/
Other
Jamestown Park
Golf Course
Greensboro-High
Point-Winston
Salem NC
Pub/18
Los Angeles CA L&P
New York NY
Pub/18
DMA
The Oaks Course Atlanta GA
Type/Holes Summary
Pub/18
Closed 11/21 for real estate redevelopment,
supposedly will use floodplain parcel of land to
build new Par 3, 9 hole course sometime during
redevelopment
Update to City purchase in '20, rare instance of
a Muni " timing the market " but says it generated
$264K profit in '20 for " funding future projects "
(what about the debt service on $13M?)
Update, community group Stony Point United
fought the sale saying price of $6.4M (+$15M
in required remediation and upgrades of former
mental hospital site, wow!) was too low. Forced a
vote which defeated sale by 118 votes. Now the
town is left with their Plan B (oops, there isn't
one, just don't sell it and let's be stuck with the
problem long-term...)
Rare case of a course reported in the public
record in '21 which has higher Revenue but even
higher expenses. Jamestown News reports that
Fiscal Yr Tot. Rev. was up 4.5% but Tot. Exp. were
up 15.3%. That might be a record for " net loss "
during COVID, at least on a percent basis! (>10
pts)
On-the-bubble
Real World Challenges.
Proven Solutions.
As a division of Troon,®
True Club Solutions
is the only advisory services firm that draws
upon decades of experience, currently
serving 630+ locations around the globe. As
an alternative to professional management,
our advisory engagements benefit clients by
tapping into our depth and breadth of expertise
to focus on club-specific, short-term needs.
TRUECLUBSOLUTIONS.COM | 888.827.9775
www.PellucidcorP.com
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The Pellucid PersPecTive
11
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The Pellucid Perspective - December 2021
Table of Contents for the Digital Edition of The Pellucid Perspective - December 2021
TOC
Jim loses ‘21 rounds projection Match Play 2 & 1 By Jim Koppenhaver
Adult player development & Fintech; makes cents By Stuart Lindsay
6 Activities; slipping into holiday lull
November GPH flat; weather no factor nationally this year
October Utilization down due to rounds decline vs. ‘20, Year-to-Date figure still 65%+!
Seattle at #4 in current ranking, like other markets, got healthy(er) in ’20
The Pellucid Perspective - December 2021 - TOC
The Pellucid Perspective - December 2021 - Jim loses ‘21 rounds projection Match Play 2 & 1 By Jim Koppenhaver
The Pellucid Perspective - December 2021 - 3
The Pellucid Perspective - December 2021 - 4
The Pellucid Perspective - December 2021 - 5
The Pellucid Perspective - December 2021 - Adult player development & Fintech; makes cents By Stuart Lindsay
The Pellucid Perspective - December 2021 - 7
The Pellucid Perspective - December 2021 - 8
The Pellucid Perspective - December 2021 - 9
The Pellucid Perspective - December 2021 - 6 Activities; slipping into holiday lull
The Pellucid Perspective - December 2021 - 11
The Pellucid Perspective - December 2021 - November GPH flat; weather no factor nationally this year
The Pellucid Perspective - December 2021 - 13
The Pellucid Perspective - December 2021 - October Utilization down due to rounds decline vs. ‘20, Year-to-Date figure still 65%+!
The Pellucid Perspective - December 2021 - 15
The Pellucid Perspective - December 2021 - Seattle at #4 in current ranking, like other markets, got healthy(er) in ’20
The Pellucid Perspective - December 2021 - 17
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