Golf Courses and Private Clubs Hit Hard by Recession
The Los Angeles Times reports on the impact of the recession on golf courses and private clubs. Declines in real estate value and membership have forced many clubs into bankruptcy:
The recession has dealt a mean bogey to golf. Hundreds of courses have closed in the last two years and many formerly exclusive country clubs have slashed fees or opened their greens to the public.
Sales of golf balls, clubs and apparel — a multibillion-dollar industry — have dipped 10% this year as players trim spending, according to golf researcher Pellucid Corp.
But perhaps the most dramatic examples of golf’s woes can be seen in the string of barren fairways and locked gates. Through September of this year, at least 114 of the nation’s 16,000 or so golf courses had closed, according to the National Golf Foundation, a number that was offset only partly by the opening of 44 new courses.
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Bill Huntsman posted: 08 Dec at 7:40 pm
A lot of golf courses are closing, and a number of private golf clubs are opening up to the public, most of the better ones are to be found on http://forelinksters.com