It is always interesting to me how the land has been owned and used prior to the brilliant idea of planning a GC and some homesites...
It usually falls into the category of; "what was this land - prospective developer/owner thinking?". Is it me, or just my narrow perception that every land owner sick of farming, or holding a parcel that is good for nothing, thinks they can cut a fat hog in the arse, with a golf course- homesite development?
If they have a piece of land, not suited to good golf development, why not seek to sell or swap, even for a significant original loss, inorder to get a piece that is suited - if they are dying to get into the GC biz. But then again, most of these developers really don't care about the actual requirements or long term impact and management of an actual successful golf operation. They want to sell lots and think that is their path to riches. The golf course is some sort of obligatory feature in their plan. Most of them don't bother to learn anything about the specific land requirements that a competent GCA would look for to have a shot at designing a functional course that has a chance at long term success. So they conjure up some pie-in-the-sky proforma, borrow a boatload, or project a fantasy set of operational projections, and rapidly go broke. And, we wonder why so many projects have tanked?