Orlando, United States: The upswing in golf course renovations across the United States has continued as the calendar turns to the ‘back nine’ of 2015.
American Society of Golf Course Architects (ASGCA) members are seeing an increase in proposed and on-going renovation projects at private clubs and public facilities, alike.
Course owners and managers who were previously hesitant about taking on small or large-scale projects have been more likely to move forward in recent months, as interest rates remain near record lows, and they see the long-term benefits of maintaining sustainable, playable facilities for golfers.
“Our members are very busy with renovations right now,” ASGCA President Steve Smyers said. “Clubs are taking advantage of new technology and the knowledge ASGCA members bring to address areas like turfgrass removal, forward tees, bunker removal and smart water usage, leading to greater efficiency all over the course.”
Golf courses that have completed renovations in recent years are seeing a strong return on investment, according to some experts.
The National Golf Foundation retained Sirius Golf Advisors for a study reported on in the summer issue of By Design magazine.
The study detailed the positive economic impact of renovations at Dallas-area public courses. Eight projects were ‘major’ renovations, with US$5 million spent per course on renovations. For these courses, annual revenue increased from an average of US$939,000 before renovation to US$1.6 million in the first year of reopening.
At four courses with ‘minor’ renovations – US$445,000 spent per course – average annual revenue increased from US$1.1 million to US$1.5 million.