Pete,
Thanks for the assessment. It's a shame that property is just that bit too far from the golfing heartbeart of Orlando. While certainly not a shining example of C&C's work, it wasn't a bad golf course. The uneven conditioning and presentation, along with the economic free-fall, have probably been the principle factors leading to poor playing numbers. Given what it cost to build, folks driving and then paying above-average daily fee rates have reasonable expectations that simply weren't/aren't being delivered.
If that recent $20.00 rate is accurate, that sounds the final nail being driven into the coffin. At least until another undertaker is found that may want to pump some embalming fluid(money) into the place and make a go of it.
To me several things conspire to make Sugarloaf a difficult success opportunity. It is not an exceptional golf course. The golfing folk in the immediate area won't spend for the rate pricepoint that place needs to survive. The housing that was purported to be the underpinning of the project is mere tumbleweed acreage, and will be, for a long time. Can't really see the place emerging a winner with any model.
I will say that they spent SERIOUS money on tree installation and irrigation at Sugarloaf. Numerous clusters of oaks, with drip lines visable, are found throughout the perimeter of many holes. While somewhat difficult as a piece of ground, wiith proper maintenance, it could be a faily good members course...but NOT there.
Cheers,
Kris