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re: April of 2018, La Tour reopens

Posted on 3/22/18 at 10:01 pm to
Posted by Tigertracks
Houma La.
Member since Nov 2007
765 posts
Posted on 3/22/18 at 10:01 pm to
Schouest bought the subdivision and the golf course for the value of the subdivision only. Basically he got LaTour for nothing.
Posted by BRgetthenet
Member since Oct 2011
117768 posts
Posted on 3/22/18 at 10:25 pm to
So, the pro shop and the course are of equal value.


Good to know.
Posted by Front9Bandit
Member since Dec 2013
15432 posts
Posted on 3/23/18 at 5:43 am to
quote:

Schouest


If you could spell his name right I’d believe some of the stuff coming out your mouth, but Chouest isn’t even the majority owner, it’s split 3 ways at the moment. The course would’ve been sold for what they paid for it already if they hadn’t tried to add their losses to the asking price since they didn’t know how to run a golf course.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/23/18 at 6:15 am to
You people.
Posted by Front9Bandit
Member since Dec 2013
15432 posts
Posted on 3/23/18 at 6:17 am to
Truth hurts Bill Dance
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/23/18 at 6:25 am to
Son
Posted by BRgetthenet
Member since Oct 2011
117768 posts
Posted on 3/23/18 at 6:56 am to





















....and











Posted by Tigertracks
Houma La.
Member since Nov 2007
765 posts
Posted on 3/23/18 at 7:14 am to
You can believe whatever you want.

I am not certain of the total amount the Brady's received for the sale of their companies, likely it was much more than 80 million. John Brady sold his share of the business to his brother in 2001. Regardless, the cost of building LaTour is listed in public documents from a lawsuit:

quote:

On or about October 25, 2006, plaintiff LaCote, LLC and defendant Global Golf Construction, Inc. entered into an agreement for the construction of the LaTour Golf Course which was to be constructed in Matthews, Louisiana. (Pet. ¶ IV). Work on the project began in November 2006, and LaCote made regular payments in accordance with the terms of the contract, said payments totaling $9,540,649.5
This post was edited on 3/23/18 at 8:12 am
Posted by lsu13lsu
Member since Jan 2008
11493 posts
Posted on 3/23/18 at 8:55 am to
And they didn't pay $30 million for land. Now if they add their losses to the price and got to $40M then that would make some sense because the golf business in Louisiana sucks!

ETA: La Tour is officially the Bill Brasky of the Golf Board.
This post was edited on 3/23/18 at 9:36 am
Posted by Art Vandelay
LOUISIANA
Member since Sep 2005
10725 posts
Posted on 3/23/18 at 8:17 pm to
Did the 9.5 million include the clubhouse? That’s usually another couple million
Posted by TitleistProV1X
Member since Nov 2015
3526 posts
Posted on 3/23/18 at 8:28 pm to
Is their tip and tuck tourney really on Sunday of the Masters?
Posted by TheMailman
Member since Jul 2017
1550 posts
Posted on 3/23/18 at 9:42 pm to
quote:

Did the 9.5 million include the clubhouse? That’s usually another couple million


That clubhouse was at least 2 million.
Posted by MidgetGolfer
Member since Feb 2017
211 posts
Posted on 3/24/18 at 8:21 am to
Posted by GeauxTigers0107
South Louisiana
Member since Oct 2009
9833 posts
Posted on 3/24/18 at 9:20 am to
quote:

That clubhouse was at least 2 million.




Posted by Nodust
Member since Aug 2010
22643 posts
Posted on 3/24/18 at 2:03 pm to
quote:

That clubhouse was at least 2 million.

The dream job of all trailers.
Posted by Front9Bandit
Member since Dec 2013
15432 posts
Posted on 3/24/18 at 6:42 pm to
It’s so primo at the moment, greens need another 2 weeks to get them glassy.
Posted by ole man
Baton Rouge
Member since Nov 2007
11919 posts
Posted on 3/24/18 at 8:38 pm to
I will NOT be ther
Posted by BRgetthenet
Member since Oct 2011
117768 posts
Posted on 3/24/18 at 9:37 pm to
quote:

greens need another 2 weeks to get them glassy.



They’ll be bankrupt by then.
Posted by ranger350
CutOff
Member since Jul 2011
857 posts
Posted on 3/25/18 at 5:13 am to
their new plan is to get 20,000 rounds per year. that won't happen. and the price for membership is 330.00 per month.
Posted by BRgetthenet
Member since Oct 2011
117768 posts
Posted on 3/25/18 at 6:11 am to
Yeah. They won’t get 55 rounds/day.
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