While I have read the thread and appreciate the skepticism, I have to believe all of us here at GCA are pulling hard for TBC to be a success. I think the destination course idea has been proven, if done to a high standard which Zac promises, so let us assume (which is a big assumption) that it is maybe a couple notches below Sand Hills which would still be outstanding. Maybe a Dismal River (which I will be playing this summer for my first time btw) a solid Doak 8. The question is can it attract the members for sustainability. We are then talking financing and how they manage their cash, which will include: initial investment payments + interest + maintenance cost + operations cost = X. Then you have to take initiation fees + interest + dues + ancillary income (outings, merchandise, food/bev, lodging) = Y.
You have to make sure Y is greater than X for sustainability.
I love the idea of innovation and golf course entrepreneurship for you never know when you may find a niche that hasn't been fully tapped. Once you do, a pivot is always there and a sign of a good entrepreneur is the ability to pivot when needed.