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Closures of golf courses on Grand Strand getting scary
Friday December 23, 2005 | 10:41:05 145 words, 4392 views
The loss of golf courses along the Grand Strand is starting to get scary. It’s one thing when lesser courses are sold for re-development, because that could be seen as simply market forces at work. Oversaturation and booming real estate value can explain that. But when premier resorts like Wild Wing Plantation are threatened, that’s something else altogether. The plantation was recently bought by a local group from a Japanese conglomerate, acording to Myrtle Beach Online, and the new owners say they may redevelop part of the four-course facility, one of the Grand Strand’s elite. The new owners told the publication they wanted to keep golf on the property, but probably not all 72 holes. This isn’t good news for golfers, who have flocked to the Grand Strand for decades because of the dizzying array of golf options. Those options are decreasing at an alarming rate. Comments:
Comment from: Max [Visitor] · http://c21myrtlebeach.com
Yes, it is scary, especially when real state market it expecting to cool off and the mortgage rates to go up in 2006. The economy will take a hit, I just don't know how bad it will be for our people. There is an interesting article in the MyrtleBeachOnline called "Home sales drop sharply" - here is the link for those who interested
http://www.myrtlebeachonline.com/mld/myrtlebeachonline/business/13481139.htm?source=rss&channel=myrtlebeachonline_business
Comment from: Kurt [Visitor]
Golf courses shot up from 80 to over 120 a few years back. Yes people flock from all over to play golf, but since there are so many, our courses were not being filled. The owners will tell you, they use to have great seasons. Now the smaller ones are finding it harder and harder to stay afloat. The old addage the strong survives, well its true. We need to weed out what we have, make room for development and get back to where the 80 were making money. On a second note, the comment from Max, who used the article from 12/24, well if you notice it is in Washington. If he were to look a week back (sorry I dont have the link), it states how Myrtle Beach is in a protective area. I dont think you will see us get hit in 2006. In fact, I think prices will still increase and we have about another 4-6 years left, at least till 2010. Those are my comments. Thank you.
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