My local golf course is built on ~120 acres overlooking the Firth of Forth 5 miles as the crow flies from Edinburgh. It is the Tiburon of Scotland, without the daily fog and the pretention. Our golf course gets by each year with >$1 million/year in gross income (net income is negigible, after properly accounting for depreciation/maintenance of fixed assets), but it is slowly dying as its loyal players age and then die, increasingly to be replaced by annual members, who will come and go as they please. Scotland as is the rest of the UK (yes even Scotland!) is sufferring from the availability of housing for younger people, rich and poor, mostly due to "draconian/keep the farmers happy/don't give the peasants any other way of living/don't rock the boat" land use policies. My local golf course would be worth at least £10 million as housing/public recreation land. Why do we continue to play crap golf over this valuable parcel?
Last week, Josie and I played 9 holes at one of the most impoverished golf courses within a 30 minute radius. It was a Thursday noon and the sun was out in this extended Indian Summer we have been having and the course was highly playable, with greens that were superb and a routing over heathland that any of the real GCAs on this site would die to be able to develop. It will die sooner than my local course, because it's funding is so poor (we were offerred £8 daily for as many holes as we wanted to play, 7 days of the week), and the players who used to play there are getting older and more frail, every day. The land is beautiful enough and close enough (and well seved by transport) to the money pots of Edinburgh to attract housing investment, which nearby areas have done already.
We are the dinosaurs watching the increasingly luminescent ball of light in the sky that is an asteroid that will eventually destroy our playing fields and our fields dreams. Enjoy your golf while it still exists.
Rich
PS--oh yeah, have a nice day!