Dr. Swanson-
My, my, are we getting a little huffy here?
Baxter-
You have my vote for the Harry Truman "The Buck Stops Here" award. It is a shame that politicians don't have your attitude and take credit for their hits as well as their errors. But, from what I saw in NM, the bit about three-putting from six feet is something that you are not qualified to address. I still remember the putt on 18 for birdie, and the other 36 or so swings more befiting a tournament player than the busy architect that you are.
Adam-
I suspect that we do look at the world from different perspectives. You appear to be more creative and idealistic. My training is more from the school of hard knocks than any fancy university. Unfortunately, unless the owner of a golf course has unlimited funds, the customer has to be the key. Can an extremely difficult course continuously attract the average player? I don't know what the break-even point is at BM, perhaps somewhere around 30,000 annual rounds. That is nearly impossible to achieve if the target market is restricted to mid-single digit handicap and lower players.
Many of us on this site fantasize about owning, building, and operating a quality course. I look at my home club and see modification and renovation opportunities all over the place. My imagined changes are often over-the-top, and convenient to my fantasy, they would carry my club to the top 100 strata. But when I discuss these with my playing partners, they look at me like I am nuts.
I take my hat off to the Keisers, Baksts, and McDonalds (Dallas National developer) of the world. They have a lot guts and tremendous vision to go far above the usual, the ordinary. But their projects do not target or are dependent on the average golfer.
Concerning CPC, I would love to see a four-day regular tour event there. Several rounds in the low 60s would be forthcoming. Yes, the pros would have a lot of fun, but unless the wind is gusting, I don't think that it would pose a strong test of golf. For me, you, and our good friend George Pazin, we would have the time of our lives while shooting somewhere around our handicaps (ok, I would have to Moriarty the 16th hole to do that).
I do hope that courses that take a chance such as BM and TRC are financially viable. Variety is the spice of life.