(Added to website 9/13/24)
Summary Provided by RFRS Club Member
Project Timelines:
- 1997 MV: Built
- 2023 MV: Rebuilt, 26 years later
- 2004 Preserve: Built
- 2029 Preserve: Rebuild proposed, 25 years later
Troon Overview:
- In business for 30 years
- 925 locations, including:
- 200+ private/semi-private
- 150+ municipal
- 80+ top 100 courses
- Troon Advantage:
- Reduces costs for annual passes
- Access to 460 courses globally
Savings & Costs with Troon:
- Save on Procurement Program:
- 10% property insurance savings
- Consulting:
- Real Food, a Troon vendor, consulted on MV
- Costs (as of July 1, 2023):
- Monthly management fee: $10,000 (inflation capped at 5%)
- Payroll processing fee: $15,000
- Managers’ travel expenses: $17,000
- International costs: $11,000
- Total: $174,000
- Additional 15% of any budget reductions
- 2024 budget reduction cost: $33,000
- Benefits:
- Savings on chemicals, irrigation, CAM, and F&B discounts: $37,000
- Troon discount on golf fertilizer, seed, chemicals, and equipment: $76,000
- Wage burden reduction: $123,000
- Total savings: $254,000
- Net payment: $117,000
Industry Changes:
- Labor shortages
- Equipment supply issues
- Rising costs for irrigation, fertilizer, chemicals, seed, and sand
- Inability to pass all costs onto customers
- 12-18 month equipment delivery times
- Regulatory pressures and water reductions
Preserve Course Recommendations:
- Built in 2004
- Needs:
- Replacement of pump station
- Upgrade irrigation from PVC to HDPE
- Turf reduction
- Bunker adjustments: size reduction and elimination of some bunkers
- Troon's Recommendation:
- Complete the course rebuild in one year to minimize revenue loss and avoid complications of multi-phased projects
- Current plan includes a 4% inflation rate
Additional Considerations:
- Proposing prorated annual pass rates for new homeowners
- New homeowners to receive a golf package