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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
Posted by betheone
BR
Member since Feb 2014
412 posts
Posted on 1/15/15 at 11:44 am to
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!
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8970 posts
Posted on 1/15/15 at 12:40 pm to
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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