[Jayhawk]

Originally Posted by dewilson58

There is a good chance SOME DAY, most golf courses could be replaced with houses or condo's or apartments. We all know the interest in golf is decreasing. I don't know if it will be 10 years, 20 years or 50 years, but IF the negative golf trend is real and it continues, why would anyone continue to maintain courses with insufficient course revenue. No body.

There are no guarantees.

Premiums were paid based on the then current state.

Excellent analysis and explanation. Here's an industry periodical confirming exactly what you wrote.

Gone with the wind: 10 of our favorite golf courses to close in 2019 | Golf Advisor


"Whatever you believe is causing all these closures - that golf is too expensive, too hard or takes too much time - is somewhat irrelevant. Courses will continue to close, especially ones that are mismanaged, overpriced, too far removed from a population center or too valuable to developers. It's the circle of life (in golf)."