November 25, 2024 4:56 pm
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Developers look for balance between courses, selling houses

Texas-based Arcis Golf is looking at cutting the Raven Golf Club, pictured above, from 18 to 9 holes.
Texas-based Arcis Golf is looking at cutting the Raven Golf Club, pictured above, from 18 to 9 holes.

Mike Sunnucks | Phoenix Business Journal

Many country clubs have relaxed membership requirements, cut fees and opened themselves to those who don’t live in adjoining real estate developments.

Still, developing and running a golf club is an expensive proposition.

Dan Smith, CEO of Desert Troon Cos. in Scottsdale, pegs development and start-up operation of a golf club associated with a real estate development at $20 million in initial costs. Smith said there isn’t the land, buyer demand or financing for new courses. And that doesn’t even get into the water and maintenance costs.

Continued:

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