Golf Course Development in Residential Communities

by Cory, Gregory L.; Garl, Ronald M.; Hirsh, Laurence A.; Leininger, David L.; Mulvihill, David A.; Renner, William B.; Scavo, James J.; Welch, Anita M.; Winter, Stephen A.

• ISBN13: 9780874208481
• ISBN10: 0874208483
• Format: Paperback
• Copyright: 2001-03-01
• Publisher: Urban Land Inst

Summary

Including a golf course in your community can provide an attractive amenity to draw buyers, increase land values, and preserve open space. Packed with color photos, this book tells you what you need to know to develop a golf course within a residential community. Written by highly experienced practitioners, the book explains the role of each player on the development team and covers best practices and techniques to use for market analysis, land planning, development approvals, golf course design, business operations, and legal issues. Case studies of successful projects provide an inside look at the development process. Book jacket.

Table of Contents

Introduction	1	(12)
Golfers and Golf Course Demographics	2	(1)
Golf's Business Value	2	(1)
Golf and Real Estate	3	(4)
The Development Process and the Development Team	7	(6)
Golf and Real Estate Market Economics	13	(42)
Site Selection Analysis and Assessment	14	(8)
Market Analysis	22	(14)
Feasibility Analysis	36	(3)
Project Financing	39	(3)
Golf Property Valuation	42	(13)
Land Planning and Design	55	(36)
Inception of the Project	60	(1)
Selecting the Planning and Design Team	61	(3)
Preliminary Site Selection and Development Program	64	(3)
Determining Preliminary Feasibility	67	(1)
Master Planning and Design	68	(16)
Plans and Designs for Golf Course Communities	84	(6)
Summary	90	(1)
Golf Course Design	91	(42)
Nomenclature	92	(1)
Design Criteria	92	(3)
Types of Golf Courses	95	(4)
Core Golf Courses and Residential Development	99	(1)
Design Process	100	(5)
The Golf Course Master Plan	105	(11)
Construction Documents	116	(1)
Course Ratings	117	(1)
Practice Facilities	117	(1)
Irrigation System	118	(3)
Environmental Considerations	121	(3)
Best Management Practices and Environmental Management Plans	124	(8)
Emerging Trends in Golf Course Design	132	(1)
The Golf Course Business: Management and Operations	133	(44)
Realistic Profit Expectations for Revenue Centers	138	(9)
Achievable Gross Operating Margins	147	(2)
Size of the Clubhouse and Implications for Operating Efficiency	149	(2)
Selecting the Appropriate Revenue Plan for the Golf Course Complex	151	(9)
The Operating Team's Management Philosophy	160	(1)
The Strategy for Management and Operation of a Golf Course Complex	161	(5)
Marketing Golf in a Residential Community	166	(9)
Summary	175	(2)
Legal Structure of Golf Course Communities and Its Documentation	177	(44)
Recreational Facilities and Common Areas	178	(17)
Residential Development	195	(22)
Sales and Marketing	217	(4)
CASE STUDIES	221	(1)
DC Ranch Scottsdale, Arizona	222	(8)
St. James Plantation Southport, North Carolina	230	(10)
Bonita Bay Bonita Springs, Florida	240	(8)
Dakota Dunes Dakota Dunes, South Dakota	248	(8)
Wailea Resort Maui, Hawaii	256	(8)
Wyndham/Dominion Country Club Henrico County, Virginia	264	(10)
Spring City Golf and Lake Resort Kunming, China	274	(8)
Springfield Royal Country Club and Beach Resort Cha-Am/Hua Hin, Thailand	282	(6)
Sanctuary Lakes Resort Point Cook, Melbourne, Australia	288	(8)
The Currituck Club Kitty Hawk, North Carolina	296