re: Do you want to be an inverstor in the reopening Oaks at Sherwood golf course?

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LSU isn't closing because it isn't profitable. Their records are public, look them up.

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Net income for the 18-hole course has plummeted from $123,221 in fiscal year 2012 to just $18,502 in the fiscal year that ended June 30. Over that same span, net operating revenues have decreased from $1,079,211 to $1,014,188, while operating expenditures have increased from $985,351 to $1,017,973.

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Before interest on investments was factored in in the most recent fiscal year, the course had an operating income of $3,785 in the red.

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The golf course has a target of 50,000 rounds played per year to remain financially viable, but “the course has not met that target and is not being used as much as it needs to meet financial obligations,” Millican writes, adding the course missed its goal by 5,000 visitors last year.

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