Sour economy means cutback on new golf courses

For a while there, it was hard to keep up with all the new golf courses. Golf course development was running wild, just like new houses.

Not now, of course. Golf course developers are cutting back on building new courses and focusing on renovating old ones.

“From hurricanes to a weakening economy, the golf industry hasn’t seen anything like this since the ’80s,” Russell Redford, CEO of the Redford Golf Group told Market Watch.

Look at it this way: We may not be able to play more new courses, but we can watch more golf reality shows.

Entertainment company WGL says it’s nearing agreements to air its new golf reality show “WGL Million Dollar Shootout” series.

Spike TV and ESPN are among the networks said to be interested.

Also on the positive side, Kodak says it will quit NASCAR and concentrate on golf, in terms of marketing.

I guess that’s positive.