John, no. I know approximately what Wild Horse does in rounds per year, how many are member rounds, and what the local expectations are. I know how many crappy courses are in that immediate vacinity, and yet MANY locals PREFER THEM!
Just based on that, I can't see a rational investment for another public course out there.
I'd be very amazed if DY did a market study on what the area could yield back in 1993-4. Obviously, they depend on a national private market as does BallyNeal and Dismal River and soon Prairie Club. That takes people with national contacts. That sort of operation involves more than just build a great golf course and they will come. It means taking a major flyer at building support structure, lodging, tapping local labor availability, suppliers for F&B and course materials. It takes a person or group that can stand a heck of a lot of risk. In DYs case, he already was in the Nebraska golf market big time with Firesthorn. He already had a following and a fall back position of sorts.
Take Barneygoogles. That began with a visonary-dreamer in Mr Greg Ramsay. He had a prospectus and a plan. But, I don't think he retained control over that enterprise (I could be wrong) I believe Mr Keiser and others that can stand the risk took the flyer. It is a world beater of a golf course on said perfect piece of golf ground by all accounts I've seen and heard. Yet, without the principals able to stand pat, what are its' long term prospects?