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Unformatted text preview: Golf course construction and management is a very expensive and tedious venture. The obvious first hurdle is securing an appropriately sized portion of land that has good qualities that are conducive to building a golf course. Luckily, we have found a 100 acre plot of land in Newberry that is priced at $1,000,000 which has an excellent location in relation to the Newberry Sports Park and it is a piece of land that is conducive to golf. A lot of areas that can be expensive to the bottom line are avoided in our construction costs. For instance, the piece of land we will purchase for the course does not have large rocks that need to be blasted, nor does it require earthmoving or resurfacing to make it more golf friendly. In the spread sheet below the construction capital budget is laid out: As a golf course that is going to be somewhere in between high end and a traditional municipal course, we have budgeted our construction costs to reflect an average course. Our irrigation and course, we have budgeted our construction costs to reflect an average course....
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- Fall '11