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re: Do you want to be an inverstor in the reopening Oaks at Sherwood golf course?
Posted on 1/15/15 at 11:22 am to betheone
Posted on 1/15/15 at 11:22 am to betheone
quote:
LSU isn't closing because it isn't profitable. Their records are public, look them up. The university wants to close it to make room for additional campus growth.
Basically they can make more money by turning it into a parking lot where there is little maintenance needed.
1
Posted on 1/15/15 at 11:44 am to RedHawk
Exactly correct. Although LSU turns a profit, they will make more by selling parking passes for football! And I don't blame them.
For the record, they have 0% chance opening Sherwood back up. All I'm saying is if they had enough investor money, they could get the course back in shape and potentially have enough rounds to support it. But, even at that point, it will never generate a substantial profit. It's a break even business. If anyone would write a 5k check with the expectation of getting a return on a golf course in LA, it ain't gonna happen. I would only do it for sentimental/family reasons. But, they will never get near $2mil, so I have nothing to worry about!
For the record, they have 0% chance opening Sherwood back up. All I'm saying is if they had enough investor money, they could get the course back in shape and potentially have enough rounds to support it. But, even at that point, it will never generate a substantial profit. It's a break even business. If anyone would write a 5k check with the expectation of getting a return on a golf course in LA, it ain't gonna happen. I would only do it for sentimental/family reasons. But, they will never get near $2mil, so I have nothing to worry about!
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