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Meadowood Feasibility Study

Meadowood Feasibility Study

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Published by WestLifeNewspaper
A study by the National Golf Foundation's consulting arm on the future of Meadowood Golf Course, which is owned by the city of Westlake, Ohio. The city commissioned the study, which recommends closing one of Meadowood's three courses and replacing it with a driving range and golf education facility.
A study by the National Golf Foundation's consulting arm on the future of Meadowood Golf Course, which is owned by the city of Westlake, Ohio. The city commissioned the study, which recommends closing one of Meadowood's three courses and replacing it with a driving range and golf education facility.

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Published by: WestLifeNewspaper on Jan 23, 2013
Copyright:Attribution Non-commercial

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07/10/2013

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Validation StudyFor Proposed Alterations to theMeadowood Golf Course
Prepared For:
City of Westlake
29800 Center Ridge RoadWestlake, OH 44145
Prepared By:
1150 South U.S. Highway One, Suite 401Jupiter, Florida 33477(561) 744-6006July 2012
 
Validation Study for Proposed Alterationsto the Meadowood Golf Course
 
Table of Contents
INTRODUCTION AND OVERVIEW........................................................................................... 1
Location and Accessibility Analysis..................................................................................... 1
Local Context ...........................................................................................................................2Regional Context......................................................................................................................3History......................................................................................................................................3
NGF Summary.................................................................................................................... 4
SUBJECT FACILITY ANALYSIS.............................................................................................. 5
Golf Course Analysis........................................................................................................... 5
Course Layout..........................................................................................................................5Condition..................................................................................................................................6Equipment................................................................................................................................7
Facility Performance and Data Analysis – Meadowood GC................................................. 7
Revenue Performance..............................................................................................................7Expenses .................................................................................................................................9Net Operating Income.............................................................................................................11
MARKET ANALYSIS................................................................................................................12
National Trends..................................................................................................................12Market Evaluation..............................................................................................................13
Demographics........................................................................................................................13Demand .................................................................................................................................13Supply....................................................................................................................................14Supply and Demand...............................................................................................................16
Competition........................................................................................................................17
Immediate Area......................................................................................................................17Local Area..............................................................................................................................18Regulation Courses................................................................................................................19Executive Courses..................................................................................................................21Driving Ranges.......................................................................................................................23Summary Cleveland Metroparks Facilities ..............................................................................24
Market Analysis Summary..................................................................................................25
REVIEW OF ALTERATION OPTIONS.....................................................................................26
Option One: Status Quo.....................................................................................................26Option Two: Improve the Yellow Course............................................................................26Option Three: Practice Facility...........................................................................................27Comparison of Options ......................................................................................................27
Option One: Status Quo .........................................................................................................28

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