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Old 03-24-2009, 11:57 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,558,897 times
Reputation: 2661

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Quote:
Originally Posted by stevep111 View Post
Yeah I think the real estate boom made it difficult for Golf courses to continue to operate in that their Tax rates go up with all of the building. What communities don't realize is that Golf courses are big cash cows for taxes. They should give them special rates so they can keep costs low in order to attract more people. Instead they have to raise their fees to meet the tax demand from the communities. Most owners saw an opportunity and sold the land for housing because the property became more attractive and proffitable for development. Now that the housing bubble has burst their tax rates remain high so no one gets a break. Membership falls off as a result so it becomes a vicious cycle until the course goes into bankruptcy. If it continues they will suffer more because people like me will stop bringing their sticks to town. I already have to cut back on my gambling because it's hard to find a $5 blackjack table on the strip. I'm not a big gambler but a big golfer and don't mind putting out the money but $225 for a round of golf is rediculous. I would rather go see Red Rock Canyon or the Dam again than pay that much.
They are not heavily taxed. Water is the problem. As water gets more expensive it becomes harder and harder to operate a course without losing money.

The ones that are going under have problems with their financing. The borrowed too much to build the course. Now they can't service the debt. Many will be viable again after bankruptcy.

Sun City Summerlin has pretty much decided it is cheaper to keep operating their courses then to close them...but that still involes a million a year subsidey from those who live in Sun City.
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Old 03-25-2009, 12:07 AM
 
Location: Henderson, NV
207 posts, read 826,005 times
Reputation: 105
The water Stallion Mt. uses is from the nearby sewage treatment plant at a very good price. While other courses may suffer from these issues, this is not one of them, I assure you of that.
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Old 03-25-2009, 06:09 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,558,897 times
Reputation: 2661
Quote:
Originally Posted by redwhale View Post
The water Stallion Mt. uses is from the nearby sewage treatment plant at a very good price. While other courses may suffer from these issues, this is not one of them, I assure you of that.
That may well be. Sun City Summerlin gets its water from a recycling facility but still does not break even. Note they have no debt.

Stallion Mountain apparently had loads and got foreclosed. While building houses on the land might have made sense a while back no so now. So the queston would appear to be can the place pay its operating costs at whatever price it pays.
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Old 03-26-2009, 08:18 PM
 
Location: Beautiful Upstate NY!
13,819 posts, read 24,595,568 times
Reputation: 7615
Quote:
Originally Posted by redwhale View Post
The water Stallion Mt. uses is from the nearby sewage treatment plant at a very good price.
No wonder I can't hit the ball for sh**!
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