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Started By
Message
1
Posted on 10/15/21 at 12:16 am to Bawpaw
I didn’t say they were going to operate with a profit. I said they wanted to get the club operational then sell immediately for a profit. They don’t have the pockets to maintain operating costs. I’d almost bet they have a buyer waiting
Posted on 10/15/21 at 4:54 am to Foo
Did they buy it for a dollar.
Posted on 10/15/21 at 7:05 am to Foo
quote:
The course has been bought by real estate investor
quote:
I believe their plan is to get the club operational
This is never the real estate investor's plan. His plan is to put the final nail in the coffin and build houses on it.
Posted on 10/15/21 at 3:54 pm to hookfin
quote:
UCLUB
I believe UCLUB is subsidized by TAF.
Posted on 10/15/21 at 4:34 pm to lsu13lsu
TAF may suck money out of UC, but they don’t subsidize it. UC does well on its own.
Posted on 10/15/21 at 4:55 pm to hookfin
TAF owns the land. I am curious how the arrangement works. How does TAF suck money out and how does UCLUB do well on their own? Are you saying that UCLUB could buy that land and do perfectly well on their own?
This post was edited on 10/15/21 at 4:56 pm
Posted on 10/15/21 at 5:49 pm to lsu13lsu
Yes…I certainly could be wrong here. But if I remember correctly, the land was donated to the TAF and then the UC leases it back?
But yes, the UC can stand on its own without a subsidy from TAF.
But yes, the UC can stand on its own without a subsidy from TAF.
This post was edited on 10/15/21 at 5:53 pm
Posted on 10/15/21 at 7:43 pm to CoachChappy
quote:
I’ve heard through reliable sources that a bid has been placed by some Louisiana baws with deep pockets.
We have an offer in….
Posted on 10/15/21 at 10:59 pm to hookfin
But the point is UC isn’t currently on its own and is subsidized. And you are speculating that if they were completely private and purchased the land and had a huge note etc that comes with that they could still be profitable. And also all those members wouldn’t go elsewhere when it is no longer tied to LSU.
Posted on 10/15/21 at 11:31 pm to lsu13lsu
Was the UC renovation not funded by TAF?
Posted on 10/16/21 at 7:01 am to lsu13lsu
I don’t think he gets it.
Posted on 10/20/21 at 11:35 am to lsu13lsu
quote:
But the point is UC isn’t currently on its own and is subsidized. And you are speculating that if they were completely private and purchased the land and had a huge note etc that comes with that they could still be profitable. And also all those members wouldn’t go elsewhere when it is no longer tied to LSU.
I believe he is saying UClub pays their lease and after all expenses are paid breaks even or makes a profit now.
Speculating about what would happen if they borrowed the money, paid a note is pointless because that isn’t going to happen.
But if TAF decided to sell the property to the Club the key piece would be how much the note would be and how much the lease is per month.
Posted on 10/20/21 at 2:46 pm to Bawpaw
I heard a new group of investors has a new idea for The Bluffs. They're going to get the course back in shape and try to make money selling real estate and operating the club. This new direction that the new owners are going to take just may be the magic formula for success that has been missing at The Bluffs since it opened back in 1988.
This post was edited on 10/20/21 at 2:48 pm
Posted on 10/20/21 at 3:39 pm to LSUGolfman
Some days, I wish there was a sarcasm font lol
Posted on 10/20/21 at 9:42 pm to doubleb
Did the club or TAF pay for the renovations? Is the lease at fair value?
Let’s not pretend TAF is just taking money and doing nothing. That isn’t speculation.
The point stands. UCLUB isn’t on its own.
Let’s not pretend TAF is just taking money and doing nothing. That isn’t speculation.
The point stands. UCLUB isn’t on its own.
This post was edited on 10/20/21 at 9:45 pm
Posted on 10/20/21 at 10:01 pm to lsu13lsu
quote:
lsu13lsu
Oh look, the guy who hates every fricking golf course in Baton Rouge.
It's BREC's fault, blah, blah, blah.
Posted on 10/20/21 at 10:48 pm to BMoney
The guy who said golf courses would go out of business you mean? I didn’t say I hated them. I just said the economics suck for golf in BR bc of BREC and LSU.
Since I have been saying this a long list have closed. Howell, Dumas, Sherwood, Island (reopened), Westside, Bluffs. I am sure others.
But please keep the narrative up that I am a hater of BR golf. I am just pointing out facts. Golf business is terrible in Louisiana.
Since I have been saying this a long list have closed. Howell, Dumas, Sherwood, Island (reopened), Westside, Bluffs. I am sure others.
But please keep the narrative up that I am a hater of BR golf. I am just pointing out facts. Golf business is terrible in Louisiana.
This post was edited on 10/20/21 at 10:49 pm
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