Mike : It makes perfect sense for the PGA, corporate sponsers and the equipment comapnies to be in the NYC Metro market (the strongest market in the US), but not the owners of the club, which was my point.....there is no way for the club owners to obtain a positive return on their investment in the course and facility....even if the attraction of the PGA event completely fills the membership with the subsiquent initiation fees and dues....... the cost of land, environmental remediation, course construction, clubhouse construction, grow-in, cost of money and on-going annual operating defecits more than outpace those revenues.