Rockwood Park appeared headed for the same fate as two other Fort Worth municipal golf courses that closed, with no significant capital improvements over its 80-year history and deteriorating conditions that led to declines in revenue and rounds-played. Today, a $5 million renovation project is paying off — both for the city and golfers in the community.
The NGF’s annual Facilities Report provides a comprehensive overview of golf facility supply in the U.S., the world’s best-supplied golf market.
Maui’s Plantation Course is shutting down for a nine-month renovation in February. In the short term, the Kapalua Resort will lose out on almost 30,000 rounds, approximately $8 million in playing fees and even more in retail and food & beverage revenue. Here’s a behind-the-scenes look at the decision-making process at one of the flagship public facilities in the Troon Golf portfolio.
The biggest form of investment for golf facilities over the past decade — and particularly since the Great Recession — has been course restorations and renovations. So, just what are these properties seeing in return?