Loading...
1997-04-25 Analysis of Metro Area Golf Developments .- . . ~, ~I' ~ ~ . 51[ :Mc9v{urchie """"""""""""""'"""iP~.,,,~Wfjjml00:Ei'toia[", ......"............... ..-.... .... ......... ................... =::-;:::>:::::::::;::::::::::::;;:::::::;:;...::::::;:;::::-..::::::::...;:::::::::::::::..'::;:::::::::::::::;:::::;:;:::::;:::; ................................... .............................. . . . . . . . . . . . .. . . . .. . . . . . . . . . . . ........."........ . ........................................... ........................................... ......................... . ........................................... ..................... ......................................... ................. ..,................................ .. ....................... MEMORANDUM Date: April 25, 1997 To: Don Jensen Pilot Land Development Company From: AI McMurchie SUBJECT: ANALYSIS OF METRO AREA GOLF COURSE DEVELOPMENTS The attached chart summarizes golf course development projects during the 1990's in the Minneapolis/St. Paul metropolitan area. Public courses have dominated development the past several years. One private course has been developed in the 1990's. Bear Path, a high end private club development in Eden Prairie, has not been analyzed. Exact operating results are not readily available, particularly for privately held facilities. Estimations are made based on the consultant's best judgment. For eighteen hole golf courses an operating margin of 30% is assumed. For nine hole facilities, an operating margin of 25% is assumed. Business viability for each facility is also estimated based on the consultant's best judgment of probable operating revenues, expenses, capital costs, and debt service. It should be kept in mind that government unit facilities have the benefit of low interest bonding and other internal financing mechanisms. As a consequence, many of the government courses are rated higher as viable businesses. This is particularly true for those that have eighteen holes or better. 2217 'East 114tfi Street 'l3umsvilfe, Minnesota 55337 (612) 882-8659 ::::.-;::""x______:x- . ~.---x u 0-\ 8 \ "-" Cedar Creek Golf Co. Executive Summary Concept Development Plan - June 2, 1~97 Site Development . Pilot Land Development Company has employed Williams, Gill & Associates, Inc. to provide golf course concept development planning. Williams, Gill is a nationally recognized golf course architecture firm. Representative local golf courses that Williams, Gill have designed include: Inver Wood in Inver Grove Heights, Willingers, in Northfield, Crystal Lake Golf Course in Lakeville and The Bridges Golf and Practice Center in Moundsview I Blaine. Pilot Land Development Company has directed Williams, Gill to create a high quality golf course facility that will appeal to all levels of golfers. The golf course design focus was to establish a golf course that would offer all variations of golf holes from the short more guarded holes to the longer more forgiving holes. A comfortable mix of housing and golf have been established. Water features and wetland mitigation areas are used for the threefold purpose of meeting stormwater requirements, providing golf course hazards and serving as a buffer feature that esthetically merges the residential and golf course areas together. Golf Course Layout Cedar Creek Golf Course will be an 18 hole golf course. The golf course will consist of an executive length (2,300 to 2,500 yards in length) 9 hole, par 33 front nine and a regulation length (3,100 to 3,250 yards) 9 hole, par 36 back nine. The 18 hole golf course will be a par 69 at 5,500 to 5,750 yards. The golf course will include a full length practice range with 20 - 25 tee stations and a large practice putting green. The golf course has been designed to include wetlands areas, ponds, sand bunkers and mounding that will provide scenic, challenging and memorable golf holes. Multiple tees, large irrigated tees, greens and fairways will insure a playable golf course that appeals to all levels of golfers. The golf course will feature golf holes that have variety in length and challenge. It is anticipated that because of its close proximity to the high school (1.5 miles) an improved golf program at the high school would be possible. The clubhouse and parking lot will be centrally located on the golf course with access off of County Road 118. The first and tenth tees, ninth and eighteenth greens and the practice tee and practice green will all be in close proximity to the clubhouse I parking lot. A portion of the development will be in St. Michael. WGA has completed previous projects that have successfully bridged multiple juristictions. F'rcp[,r{') In" H illiatn\', (;ill ,\ ,-\s....ocii.il{;'\. inc JUl!! '. !()q:.~ , I I I I i I I. , I ' . . IUUUUU uun'U ... I Iu I I I I I i I 1 . . . . . . . , . , . . , . . . . , . . . . , . . . . . . . . . . , . , . . . .. , . , , . , . , . ' . . , . . , ., . , , ' , . . ' . , , . ' . . ' . , . . ' . , . . ' . .' ,. . ' . ' , . , . . . . , . . . . . ' . . no _:.. _.. ._~..... _ _ .~.......: h... _. ~ ,. " "0 ~, '" <il 0. o .... i\3 '" <i3 .... 'l U u__.:..mn.ln :........;.. umO 'tJ '(I) '::3 ';g !_______.i : ; : ~ mulunun. . G) .5= .~I .~ "" .-1 .<0 '~ '" a o .1: :Ul .CD .:E .0 '0 '80 ~ '< .~ 'CD '"0 ,I: ,!:1: :ci" 'G) '0 ':5. .~ ,<0 '<0 'CD '~ :U1 ,0 '0 o '0 .0 '- ,(0 '(0 uU.Cl:l ,,< 'CD '''' .a '::r .'" '''' '''" .'" !~ :"0 'I: !:1: :(i" G) ,0 ~~ ,~ .<0 :<0 ..... '~ .'" '0 g ig '0 o ''tl ,(I) '::3 . 5' ,(Q .). '€ !~ :..... :...... '(0 '(0 .'1 :;:, '0 l6' :< .", :0 '1:1 :I .'" :a .~ :5" .'" :~ . ",- 'Z '0 '::1 3: 'm. 0: ~~ '"0 I: !:1: :n- ~~ :< ,'" ~a) .~ <0 ,<0 :1\) .~ .0 '0 .0 !g '0 .~ ,w ,.... o '0 'w ,'" o '0 .0 '-I :~ :~ 0: ,'" '"0 '::l. .0 .~ " ,'" '''" ,CD :~ "0 I: :!:1: n '"0 :~ '< .'" 'iD .<0 '<0 '" : {A. ~~ :'0 '0 .0 :0 '0 .0 .~ 'CD '<0 :0 '0 '-1 !5" ..a .'" .0 '''' o .'" '''" '''' :E 'CD ~2!. .~ ."0 '''' ::. .<0 :<0 .x ,CD "., ,"0 ,I: !:1: :(=1 :G) '0 ~~ .~ .<0 '<0 '.... ;~ :tn .0 .0 o .0 '0 :* '<0 '0 '0 'JJ 'I: .'" '::r a Ii ,,," ! : ---..~-......~.... '3: .'" '-0 :cs G) :0 ;<6 i : ..L....n:. ,~ ,CD '"0 'I: ,0' :(i" , . . . , _.ou.._.._......... i~ :< ,'" 'iD ..Luu__L... .~ .~ '0> .~ ,~ '0 :0 '0 '0 '0 ,0 .0 :~ '.... '0 '0 '0 'JJ :< :~ o ,'" '''" '''' 'a :g, i ,CD G) ;0 ,< 'CD 10; ,~ !:1: :n- G) '0 .'" '~ '<0 '<0 .~ .~ :0 ,0 '0 :0 '0 '0 :~ 'l\J '0 :0 '0 '0 ,'" :" '3: '''' :0 :~ .~ ,,," .C, .'" im .~ 'CD '"0 :c '!:1: :(i" '"0 ~~ :(D' ,~ '<0 '<0 '0> :~ :0 '0 '0 '0 '0 '0 :(A 'l\J '0 19 3: :m" :0" .'" 'i;' .'2. '0 'I: '''' ~~ .a .0 ':: ,'" '" .CD G) :0 .< 'CD ~c;; '"0 'I: !:1: :n '~ ::;;:- '''' :<0 iU; '<0 '''' '~ '.0 .g o ,0 .0 .~ .l\J '0> :0 '0 , ' " . , . . ' , , . . ' , , . , . , , . , ' , , . .. -. - ...+++ _...:.. -.. +.~+ ++++. - -'-. ......:..... , . 'w '0 :~o !g :1\) '0 :0 ~g !~ '0 '0 '0 :J:t. '0 :.0 ~g 'w '''' :'0 ig , . , . . . , ' . , .. " , . . : : : ; : : : . . . . . , . ---'--- -- -_.: -- - --_.~.. ........... -.. -:..... ..~.... -.. .... ..-. . , . ,~ 'w :'0 '0 '0 .~ .~ :c.w :8 8 '0 j~ ,<0 :0 '0 '0 '0 ,~ 'l\J :~ , '" '0 '0 '0 '0 :iA- 'CD 'l\J '''' .~ .~ 'l\J '0 '0 ~~ ,~ '''' '0 ,~ '~ 'l\J 'N '''' :0 i~ 1~ ,.... ,'" :'0 '0 ,0 i~ .8 '0 '0 '0 ;~ 'w 'Co:> :0 ~g ,0 ., ,. , " _..._._.__......._H.......__.....h.... . , :~ ,0. ]5 '"TI :~ :'< 'CD :(4 '"0 '0 '0 ,~ :'" ,0 .dl :,Q : : n.:..__.___~. i5 'G) '0 '0 ,0. ,'" :0 ;~' '0 '0 '0 :0 '0 '0 ,~ 'w '0 '0 .8 '0 iG) '0 '0 '0. :::J '0 .~ ,0 '0 '0 '0 '0 :~ '0 , ' , , ' . , ' , ......._........._.._.n. '"0 ,0 :g i5 " :5" '''" .'" :a 'Z '0 ,::1 .::r :g ,,," 'JJ 3 ,'" ,CD :'< .~ .CD '"0 ,I: :~ :n 3: ,'" a a '!=' :~ '<0 'l\J .~ '0 '0 '0 :0 '0 ;0 ,~ ,w 'CD :0 '0 'w 'w '0 8 ~~ ;e" '0 ,0 '0 '0 '0 :iA- 'w '<0 :0 :'0 ~g 'G) '0 '0 '0. :'< 'CD :(1) ::;- ,< :~ :E '0 '0 '0. ::;- i~ G) :0 ,< 'CD J: ;cn ,~ ,CD :(0 i~ 'CD " ;~ !:1: :C:;" 'G) '0 '" '~ .<0 '<0 l\J , , _______n_.nhO.__. (~ :0 '0 '0 :'0 '0 '0 .~ 'l\J '.... '0 '0 :'-1 'l\J '.0 ig !~ .-.... '0 ,0 :'0 :0 '0 :-m '0> '0 ,0 19 .G) '0 .0 '0. :::1 '0 .~ :; ~i :2. . c: .~'" 'JJ ,0 "" 'CD :(jJ .~ 'CD '"0 'I: !:1: :n :~ ::c '" iD .~ i~ ,~ 'w :-0 '0 :0 '.0 ,0 ,0 ,~ 'l\J :'" '0 .0 .~ :0, '0 '0 ;~ '~ !~ ,0 ;~ .~ ,w ,w '0 '0 '0 '0 .~ _ :__...u.~...__ :'< !~ .< .n' :0 .~. CD '"0 I: !:1: :C:;" "0 ,~ :< .;. '<0 .<0 '0 :~ ,w '.0 '0 '0 o '0 ,0 :~ 'l\J '.... '0 '0 'w '''' :0 !8 ,~ .~ '0 ,0 '0 :'0 '0 '0 .~ 'w '0 '0 .8 ,0 'G) '0 '0 '0. :'< 'CD ;(4 a -< '" :~ :~ !$ , '" .,," 'CD ~~ :m ,~ .CD ."0 .1: '!:1: :n 3: .", a 'a !=' '~ :<0 '<0 ;CJ1 .~ :tn o '0 '0 .0 :0 .~ 'l\J '~ :0 '0 'w '''' '0 '0 ,0 !~ '.0 '0 '0 '0 '0 '0 :iA- 'w :0 '0 !~ '"TI ; g:. :-< 'CD :(1) ;OJ ::. 'iii' 0' 'JJ 'I: .", 'OJ :5- iii' 0' ,~ 'CD '"0 'I: :!:! :n '"0 .~ ::c '''' iD :(!; ,<0 ,'" .~ 'w 'en g '0 ,0 ,0 !~ : (X) '0 .0 :~ :wo '0 :0 ;~ ,0 :0 :0 '0 :0 !!! '0 '0 "0 '0 '0 :"0 :0 :g ; i ':mm._: '< ~~ '-I ;i 'OJ ,~ f 3: o ,I: '''' ,0. :(1) .< .<0 :;; '<0 :CD 'x ,CD ." ;~ '!:1: :g G) .0 ::5. ,~ '<0 '<0 .'" .~ ,l\J :c.n '0 '0 :0 '0 :0 :~ ~c; .g ;w '0 :'0 :g .~ '''' '0 :'0 o o :~ '~ .~ '"0 '0 :Q .'" :0 .~ :~ :~ 'Z a :0' ,'" a "TI '" ~ i-<' 3: 'CD .C, ::;' ,,,, , o " I~ I'" ,~ ,CD :<<5 :~ 'CD '" J: o <0 '" ."0 I: :!:1: ~n ~ " " CD '" '" 10 I; ::r l-e' ..m f" I~ 'CD I", I! 'G) '0 !~ ;<0 <0 .~ ..+ 10 ~I ~~..!g . ~ 3' ,'" :m ia 'c, !o uru. .~ :0 .0 '0 '0 '0 '0 .~ 'l\J '0> .g; JJ ;, PJ :(0 CD :~ 'w :<0 '0 8 'm ~ .~ <: .~. ~iD :0. .~ 'en ;8 :0 '0 '0 : (A. '''' :'" '0 8 .0 ;m 'x '" :!2. :<0 '.. ,'" '0 ~J: 3 :0 "'8 !~ ; )~ .. Is: G) ! CD 2- "IUjl~ ~ : ::... . ~1Il u..uuu] ~ ~ I~ ~ CD CD 11)0' "tl 3 CD :::I ~ III I . , I .uu.....m....l I 1 I J I I ..uuul I J I I JJ 'm., '. . ~~ !g '3'. . ~;.' . '0. ._L..uuun 'm z ~21 ~J :<D '0. < .~ pi" :~. ~ :~ ,'" :(1) : s: > 1-. :::I !:::I II) ':::I - I CD '< II) !!!. '''tl III 10 I=.o !1Il - ....I ~ JJ 1 CD I ." (') , II) CD I c ;a I