Brian Ewen:
If you have that Golf Course Construction News, why don't you look up how many projects I supposedly have in the "active" category? I suspect it's more than five. They just aren't really "active," because nobody ever officially pulls the plug on them, so they stay on the books there forever.
Cary:
I would say that golf course construction, because of the long lag time between the decision to break ground and a course opening, is a "trailing indicator" of where the economy sits. However, I can also say that the entire planning industry (architecture, landscape architecture, and golf course architecture) is sucking wind right now, which means there aren't many clients who are optimistic that the economy will have rebounded in another two or three years' time, when a project now in planning would open. Some of that has to do with the lack of available funding, the rest just with fear.