PowerPoint Presentation...6 Million Less players than a decade ago.
Transcript of PowerPoint Presentation...6 Million Less players than a decade ago.
6 MillionLess players than a
decade ago.
<2.0%Industry-wide
average net profit
margin.
↓ 20%Participation
among active
players.
1,400+Courses recently
closed nationwide.
6.4%% of courses in
Florida. More than
any state.
40+Courses recently
closed in South
Florida.
THE GOLF INDUSTRY
PALM BEACH
BROWARD
DADE
GOLF COURSE CLOSURES
Step 1:
Data
Gathering
Step 2:
Planning
& Design
Step 3:
Concept
Intro
Step 4:
Plan
Approvals
Step 5:
Execute
Plan
OUR APPROACH
Luxury, for-sale housing.
No apartments or commercial.
Permanently preserves over
87 acres of open space.
Native landscaping within open spaces and
increased tree canopy.
Remediates environmental impacts from
years of chemical use
on golf course.
Removes uncertainty. Neighboring home values outperform the market.
0%
-50%
-100%
50%
100%
150%
-67%-54%
158%
78%
55%
29%
‘06-’11 ‘11-’17 ‘14-’17
Homes Adjacent to Former Course City (Zip)
Years:
Significant financial
resources for improved local
services and economy.
CURRENT: $26,000 annual tax contribution
PROPOSED:~$2.8MM annual tax and recurring revenue
~$10.9MM in upfront impact fees
Area Parks
Local Govn’t
Local Merchants
Emergency Services
Local Schools
Public Art
Infra-structure
Local Events
A vision that works for Royal
Palm Beach.
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