Page 1 Headline and Article in USA TODAY
Headline and Article:Golf courses are being plowed under in record numbers to make way for residential and commercial developments.
“Golf courses aren't generating the returns people like to see,” says Mike Hughes, chief executive of the National Golf Course Owners Association. “The land has appreciated so much in value that it makes abundant economic sense to turn the property over to other uses.”
Hit hardest: golf courses built in rural areas that since have been surrounded by population growth. A golf course is a real estate developer's dream: about 150 acres of undeveloped land.
Cities try to parlay golf greens into greenbacks
Has this happen in your area ?
or been involved in such a conversion ?