Here are the budget costs for Chambers Bay via Pierce County's published budget reports:
2004: $607,520
2005: $4,517,230
2006: $14,378,220
2007: $7,456,640
Didn't Chambers Bay open in June 2007? That kind of suggests those budget costs for 2004 through 2006, plus part of 2007, are building costs. If so, the $21 million figure looks more solid to me. (.6 + 4.5 + 14.4 = 19.5, plus add some of the 7.45 from 2007 as well.)
Everyone keeps saying Bandon makes it because there are four courses. How conveniently everyone forgets they started with one, and were not suffering for a lack of golfers.
When Bandon only had one course, the greens fee was about half what it costs at CB. The replay rate was about a quarter.
Golfweek top modern has Chambers Bay ranked higher than Bandon Trails. So if you are willing to pay $250 to play Bandon Trails, you should be delighted to pay $175 to play Chambers Bay.
Here are the fees Bandon quotes for 2011, copied from their website today:
Jan Feb Mar Apr May - Oct Nov 1 - 19 Nov 20 - Dec
Resort Guest $75 $90 $120 $165 $225 $130 $75
Oregonian $75 $90 $120 $165 n/a $130 $75
Golf-only Guest $100 $120 $160 $220 $275 $175 $100
Replay* $40 $45 $60 $85 $110 $65 $40
While you can play for $250, even slightly more, you can also play for a whole lot less than $250. For several months a year you can play for under $100, first time out. Replay is as little as $40.
So at Bandon you get more courses... that on average are higher rated, including one perennial top 10 in the U.S.... whose conditioning has been far better... that can cost a lot less. btw, does anyone know how many rounds are played at Bandon each year?
CB has to bring its costs down. In any case, and even more so if I am right that the number of rounds played will not go up, and probably will take another hit this year. If each Bandon course had to cover $6.8 million in costs each year, I bet that place would be in the red as well.