email : Webview : The Golf Culture, HOA Clubs and Lessons, New Book & The GPA Practice Tee

The Golf Culture - Where's the FUN?

Golf in the United States is experiencing a decline in participation. In 2005, according to the National Golf Foundation, there were 30 million golfers. Now there are less than 25 million. In the US there are now 15,204 golf facilities (per NGF) and this is down from a high of 16,052 less than 10 years ago. These figures are old news. The question is why?

HOA Clubs - Some issues all clubs can learn from

We're currently providing consulting services for a Homeowners Association (HOA) owned club that has raised some interesting issues and several which are relevant to other member-owned private clubs, especially those in planned communities. In the past year, we've worked with a couple of age-restricted (55+) HOA golf courses and observed some of the characteristics that have experienced declining membership, declining use of their golf course facilities and have been forced to consider from among several alternative operating models.

Among the choices are to maintain the club as private for community residents, open up membership to non-residents or to allow some amount of daily-fee play from both residents and non-residents. Especially in age-restricted communities there is often a concern for security and opening the gates to the outside can be perceived as risky. There is also sometimes the option of simply raising the HOA dues given that all residents (whether they're golfers or not) benefit from a thriving club in the community. Needless to say, just like taxes, raising dues is never popular.

JUST PUBLISHED

by the Appraisal Institute

GPA president Larry Hirsh has recently authored "Golf Property Analysis and Valuation - A Modern Approach" published by the Appraisal Institute.

In the book, Hirsh shares 35+ years' experience appraising, advising, consulting and brokering golf and club property. Topics of focus include market analysis, site and facilities, maintenance, marketability and the various elements of valuation.

The book is a must have resource for architects, attorneys, bankers, brokers, club leaders, consultants, courts, owners, managers, buyers and sellers of golf properties, as well as appraisers who take on golf property assignments Click on the adjacent link to order:

THE GPA PRACTICE TEE

GPA has recently been retained for the following assignments:

(NJ) - Market Value Appraisal for Private Club for lender
(NJ) - Market Value Appraisal for Private Club for lender
(FL) - Appraisal of DF golf course for possible eminent domain action
(DE) - Appraisal of Private Club for Matrimonial Dispute
(NH) - Appraisal of Private Club for Tax Assessment

HIRSH TO SPEAK

GPA President, Larry Hirsh will be presenting at the following events:

PGA Merchandise Show Education Program - "The Evolution of the Golf Course & Club Industry" - January 25, 2017, Orlando, FL
National Golf Course Owners Association (NGCOA) - What is your course worth, and why should you know? - February 9, 2017, Orlando, FL
New Jersey Institute for Continuing Legal Education (NJICLE) - Tax Assessments - March 8, 2017, Jamesburg, NJ

GPA will also be exhibiting at the Club Managers Association of America (CMAA) Club Business Expo, February 9-10 at the Orlando Orange County Convention Center.

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