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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 11:44 am to RedHawk
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!
Posted on 1/15/15 at 12:40 pm to betheone
quote:
For the record, they have 0% chance opening Sherwood back up.
Yep, mother nature takes it toll in no time. Will take a lot more than $500K to bring it back to playable shape. I do like having a driving range fairly close though.
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