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re: Week 28 of 52 2013 Golfing Thread - Independence Day Edition

Posted on 7/5/13 at 5:50 pm to
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 7/5/13 at 5:50 pm to
i asked for an appraisal of what the course was worth and it really caught the person asking for my investment off guard. I dont think it is worth close to 2.6 mil
Posted by Thib-a-doe Tiger
Member since Nov 2012
36774 posts
Posted on 7/5/13 at 5:53 pm to
Property is only worth what you can charge for breaking it up into residential lots with the proper infrastructure
Posted by snatchola
Baton Rouge
Member since Nov 2007
1190 posts
Posted on 7/5/13 at 5:53 pm to
Property was appraised for 3.2 mill in 2011.
Posted by KingRanch
The Ranch
Member since Mar 2012
61759 posts
Posted on 7/5/13 at 5:54 pm to
Boom goes the dynamite
Posted by snatchola
Baton Rouge
Member since Nov 2007
1190 posts
Posted on 7/5/13 at 5:55 pm to
Well hello
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 7/5/13 at 5:55 pm to
thats much more then I would have guessed.
Posted by KingRanch
The Ranch
Member since Mar 2012
61759 posts
Posted on 7/5/13 at 5:55 pm to
Hola, text coming your way, I forgot you posted!

Posted by Thib-a-doe Tiger
Member since Nov 2012
36774 posts
Posted on 7/5/13 at 5:56 pm to
If it appraised for 3.2, why can't they get capital to keep it going? Seems like a 600k capital loan plus operating cash could have maybe turned it around
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 7/5/13 at 5:56 pm to
what is the business plan going forward?
Posted by snatchola
Baton Rouge
Member since Nov 2007
1190 posts
Posted on 7/5/13 at 5:57 pm to
Club won't make it unless debt is completely gone. Bank note must be wiped away.
Posted by snatchola
Baton Rouge
Member since Nov 2007
1190 posts
Posted on 7/5/13 at 5:58 pm to
Who approached you?

Business plan will be released soon. It's going to be an uphill battle to get enough support. But if we get to 400 members...it will be a lock solid private club.
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 7/5/13 at 6:01 pm to
a couple of people have texted to see my interest. My family were members in the late 90's into the early 2000s
Posted by threeputt
God's Country
Member since Sep 2008
24816 posts
Posted on 7/5/13 at 6:01 pm to
Good luck Snatchola!!!! hope it can work out ..Just curious, how any clubs in te state have 450 members ???
Posted by BeaverPRO
Tampa
Member since Aug 2009
16265 posts
Posted on 7/5/13 at 6:02 pm to
What is ET at?
Posted by Thib-a-doe Tiger
Member since Nov 2012
36774 posts
Posted on 7/5/13 at 6:02 pm to
Ellendale has around 500
Posted by threeputt
God's Country
Member since Sep 2008
24816 posts
Posted on 7/5/13 at 6:03 pm to
300ish .. About to be one less as I am getting out soon ...
This post was edited on 7/5/13 at 6:04 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
36774 posts
Posted on 7/5/13 at 6:04 pm to
Or I should say at one point Ellendale had around 500, but I don't know who they are. You would think the course would be jammed up with that many, but every time I go there might be 20 people on the course
Posted by BeaverPRO
Tampa
Member since Aug 2009
16265 posts
Posted on 7/5/13 at 6:04 pm to
quote:

300ish .. About to be one less as I am getting out soon ...

Por Que??
Posted by Thib-a-doe Tiger
Member since Nov 2012
36774 posts
Posted on 7/5/13 at 6:05 pm to
quote:

.. About to be one less as I am getting out soon ...



The pull of L'Augusta is too much huh?
Posted by BeaverPRO
Tampa
Member since Aug 2009
16265 posts
Posted on 7/5/13 at 6:06 pm to
Snatch...


If or when the course does re-open, are there just going to be the 400 or so members? or are there going to be additional members added later?
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