The struggles of the golf industry in the past decade are well chronicled, particularly in Florida where a large number of courses, built as amenities for or in conjunction with surrounding residential communities, has been negatively impacted by the economic downturn, playing habits, and perhaps an over saturation of the market. Couple those external factors with the significant cost of course maintenance and operations, and it is easy to see why overgrown fairways and closed clubhouses are an increasing sight in the sunshine state. For some developers, these defunct courses presented a unique opportunity. Read the article…………….
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