Quote:
Originally Posted by GoodLife
Golf courses in US are in about a 10% decline. Not as drastic as bowling alleys. Golf course development is even more expensive and risky than bowling alleys.
TV builds golf courses to sell real estate, not to make profit on the golf courses.
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TV is a commercial developer that (smartly) builds/sells homes to create and attract commercial development.
Selling residential is a one time income producer. Leasing commercial space provides a long term revenue stream.
And they are one of the most successful commercial developers in the country.
It would be great to have an indoor, multi-sport, cart accessible complex in TV
Don