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re: The Island closing for good

Posted on 6/18/20 at 3:51 pm to
Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 6/18/20 at 3:51 pm to
quote:

they realized that every student pays a fee for golf on their fee bill. In 2004 when I went, said fee was about $80 a semester. That's a shite ton of money they'd have to figure out.



LSU Fees

Per LSU Website it is $1.25 per semester for all students. I could be reading that incorrectly.

ETA: If it is correct LSU pays a good bit more than it collects from Students to keep course open. They have said they pay $250K to cover losses. at 32K students that is $80K in fee revenue per year plus summer lets round up to $100K. Then they pay out $250K. Probably more now because the course was in serviceable shape at that time.

But either way, LSU gets rid of course then losing the Fee Revenue will not hurt.
This post was edited on 6/18/20 at 4:49 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/18/20 at 4:20 pm to
quote:

Per LSU Website it is $1.25 per semester for all students. I could be reading that incorrectly.


Golf could be an additional 1.25/student in addition to the other sport and recreation fee. I'm not sure if some of those other fees are allocated to the golf course as well, or strictly the golf fee goes to the course.

Either way, isn't total attendance like 40k? 50k in the golf fee plus round revenue seems like a fairly healthy budget for the course.
This post was edited on 6/18/20 at 4:22 pm
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/18/20 at 4:59 pm to
Or what if let’s just say a casino buys the course and can afford to dump 7-800k in maintenance instead of 350-500k?

Would easily be top 5.
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 6/18/20 at 7:33 pm to
Mother fricker. Quit being a bitch and say what you know.
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/18/20 at 7:48 pm to
Word is L’Aubuerge bought it and will have Troon managing it.
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 6/18/20 at 7:52 pm to
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/18/20 at 7:53 pm to
I mean I can’t just be throwing things out ell
Posted by ell_13
Member since Apr 2013
84943 posts
Posted on 6/18/20 at 7:55 pm to
I get it. Seriously I do. But you gotta wait till you can spill it before you post.
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/18/20 at 7:57 pm to
What fun is that?
Posted by 81Tiger
LSU Alumnus
Member since Sep 2009
6625 posts
Posted on 6/18/20 at 8:01 pm to
And I heard they were reconstructing the 1984 New Orleans Worlds Fair gondola to shuttle golfers and gamblers across the river from the casino to the golf course.

Posted by RoyaleWithCheese
Member since Jan 2013
596 posts
Posted on 6/18/20 at 8:26 pm to
Better hope the gondolas are air conditioned, unlike Disney's.
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/18/20 at 9:14 pm to
Ski Boat with its own dock on both sides.
Posted by The Johnny Lawrence
Member since Sep 2016
2162 posts
Posted on 6/19/20 at 5:38 am to
An extra 500k probably doesn't get it in the top 5.

But I'm excited if that is the case
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24626 posts
Posted on 6/19/20 at 5:45 am to
quote:

Per LSU Website it is $1.25 per semester for all students. I could be reading that incorrectly.



They've changed that up a bit then. URec use to be half that and the golf fee was around $80. They probably moved the numbers around to make it more feasible to cut out the course at any moment and only have to refund $1.25 for that semester.
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24626 posts
Posted on 6/19/20 at 5:47 am to
quote:

An extra 500k probably doesn't get it in the top 5.




Fine... top 10 will still make it a much needed improvement for the area.
Posted by The Johnny Lawrence
Member since Sep 2016
2162 posts
Posted on 6/19/20 at 8:10 am to
Oh, I'm excited for an immaculately groomed golf course. It still won't be a top 10 course in the state, but that doesn't mean I'm not excited or that this isn't a major improvement.


I'm curious about pricing. I don't see a ton of people on that side of the river dropping $100 for a round. Isn't that about what the two casino courses in Lake Chuck charge?

I think of casino courses and I think well groomed no play courses. I've played 6-7 rounds on casino courses and I don't know that I've seen more than a few golfers each time.
Posted by lsu13lsu
Member since Jan 2008
11474 posts
Posted on 6/19/20 at 8:27 am to
If true, much of the increased budget will be in boating golfers across the river and then getting into a car and driving to course.

I welcome it though and this is the kind of thing golf in BR needs...someone who doesn't care about losing money on a golf course. I was thinking some drug cartel would buy it like in Ozarks.
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/19/20 at 8:29 am to
I don’t think it will be that high. I’d guess along same pricing as Grand Bear.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13847 posts
Posted on 6/19/20 at 8:59 am to
I wonder if this is in anticipation of the new Mississippi River Bridge being located nearby. We are still 8-10 years away from that, but this course would benefit bigly from the ease of access a new MRB would provide. Potential locations are supposed to be narrowed down and released this year.
Posted by BallChamp00
Member since May 2015
6355 posts
Posted on 6/19/20 at 9:57 am to
If the bridge that was proposed 20 years ago went up, the Island would be strictly private with 500 members.
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