Would that well capitalized visionary even attempt a Bandon like project today or would they build a "bells and whistles" facility in a good weather destination first?
The interesting deal about visionaries and their projects is that some of them seem to be able to ignore conventional wisdom and go with their heart.
I know this is WAY of topic, but as someone who used to make his living writing about hunting, fishing and shooting, it's my favorite example.
Back in the mid-1960s, America's most famous firearms company decided that it should begin to make guns designed by committees and built by machine. It was no longer going to be possible to make money selling old-fashioned guns.
For Winchester, the result was a debacle about on a par with "new" Coke. The term "pre-64" came to be used to described guns made before Winchester lost it's corporate mind.
About the same time, a visionary not unlike Mike Keiser, started a little company that made guns HE wanted to own. He was a true visionary, making use of some of the most modern technology--investment casting. But the guns themselves looked like they were 20 years old, stored in a warehouse somewhere.
Like Mike's golf courses at Bandon, they were classics built by modern men with modern means. And they were an instant hit.
Today, Ruger firearms are still popular, and they still look like something from another era. And Winchester has mostly gone back to making guns like those from their heyday.
How does this relate to golf?
Well, I think golfers and gun guys aren't all that different. There is a segment of each group that wants the kind of things on your initial list. And there's a segment that wants what Mike Keiser is selling.
And then there's people like me who want a little of both.
People most likely will continue to build upscale resorts like yours or courses like Trump International, and if they do it well they will prosper. And visionaries with money will follow their heart, build something else, Bandon Resort or Sandhills, and if they do it well they will prosper.
And then people will build courses like Wild Horse, or even Cottonwood Hills, where mopes like me can afford to play, and if they do it well they will prosper. (If they misjudge the market, or the economy tanks they'll fold)
K