Arizona Update: 'Getting Hit From All Sides'
The Arizona Republic starts the new year with an update on the overall golf market in Phoenix and the surrounding suburbs. In summary: golf course owners and developers aren't noticing any rebound, at least not yet. Some, uh, highlights:
Many private clubs have opened their courses to the public, even for just one or two days a week, in an effort to increase rounds and revenue.
Many facilities are negotiating green fees. One golfer talks about having played the Arizona Biltmore for $55, and guesses it would have cost him twice that much a year ago.
Arizona officials estimate that "only" 5 percent of the state's approximately 340 golf facilities are in dire economic condition, compared to 15 percent nationally.
The story said there were no golf course residential developments opened in Arizona in 2009 -- startling news (economic troubles notwithstanding) considering how "white hot" the state's golf market was as recently as five years ago.
You can read the complete story here.