DOES CLUBLINK HAVE TO BUY MORE COURSES IN THE GTA?

[trebor]

With the upcoming loss of Country Club / Board of Trade courses in the Clublink GTA rotation, other CL courses are about to get much more crowded. And they are already crowded. CL has advised that there is no more room on many GTA course waiting lists - they are already maxed out. And the loss of 2 very busy 18 hole tracks in the most convenient GTA location will also have a negative effect on CL's financials.
So, the question....does CL look to add a new course or two in the GTA area? Purchase or Lease? We all know what is available, from the Kaneff courses, to Royal Woodbine, to the many other options. Just curious what other TGN'ers think.
As a long time CL member, I have no desire adding more traffic to an already crowded tee sheet and I am quite sure other CL GTA members echo this sentiment.

[Over Par]

I have been thinking the exact since Bond Head left the fold, although they did not have that many members. Now with Country Club gone that is, conservatively, 1200 Clublink golfers who have to find a new home course, and to my understanding they were already crowded.

Without any new courses it should be interesting, I can't see Clublink not wanting to keep these people.

[bogey5]

Apparently Glen Cedars may need new management.

[SW20 MR2]

There were rumblings that they were considering converting Cherry Downs back to membership only, which might alleviate some of the pressure. That said, I don't expect them to do anything since the money is far too attractive. They still offer Players Club memberships despite the logjam!

[Undervalued]

I do not know if there any TWC shareholders here.
A recent change to the Halton Regional Plan by the Minister on Nov 4, swept Rattlesnake into the Milton Urban area, land use aimed at housing.
Employment lands are included on the highway 25 frontage.
The amendments are not appealable.
The lands slated for changes are over 390 acres. At $1.5 million an acre, this is $24 a share pre tax.
This will lead to even higher demand at the remaining courses.

[Bosco]

There were rumblings that they were considering converting Cherry Downs back to membership only, which might alleviate some of the pressure. That said, I don't expect them to do anything since the money is far too attractive. They still offer Players Club memberships despite the logjam!

If this keeps on going Bethesda is gonna get bumped up to gold level soon

[trebor]

I do not know if there any TWC shareholders here.
A recent change to the Halton Regional Plan by the Minister on Nov 4, swept Rattlesnake into the Milton Urban area, land use aimed at housing.
Employment lands are included on the highway 25 frontage.
The amendments are not appealable.
The lands slated for changes are over 390 acres. At $1.5 million an acre, this is $24 a share pre tax.
This will lead to even higher demand at the remaining courses.

If Rattlesnake goes, you can fold up CL. Three is nothing available to replace the 2 tracks , and my course certainly doesn't need another 1,000 members.

[Goalpost]

Unfortunately I think the chances of that are slim to none. I think they are turning more towards the development phase of their land bank. Success with Highland Gate and tried with the Abbey and were shot down but kind of gives you a sense of where the priority is - love or hate the Abbey it is an important part of Canadian golf history and wanting to plow it under for homes, well, you get the idea.

If the above about Milton is true, I'm sure TWC is chomping at the bit to develop that massive property.

Looks like their golf properties (owned or managed) have been shrinking as of late, not growing.

[gregnol]

This isn't just a GTA issue - same thing happening with Clublink in Montreal and Ottawa with Islemere being sold (only one course left in the area) and Kanata Lakes slated to be developed. In the TWC annual report I think National Pines lease ends in the next couple years as well.

Might be time to get rid of the players club and make Cherry Downs, Hidden Lakes, and the Rolling Hills courses members only again.

[mpare]

If Clublink memberships are already oversold and their inventory of courses is diminishing, as a result of which reasonable access courses is compromised, then wouldn’t the key question for members be: “How long do we allow ourselves to be played as suckers?”

[bogey5]

Nobody here wants to see golf courses disappear especially within reasonable driving distance but with York Downs at $400m and Beacon supposedly offered $300m +/- where is the business case for CL to buy courses around GTA to be run as a golf courses?

[Bosco]

Nobody here wants to see golf courses disappear especially within reasonable driving distance but with York Downs at $400m and Beacon supposedly offered $300m +/- where is the business case for CL to buy courses around GTA to be run as a golf courses?

Best case scenario would be if they get a lease on some land and put a course on it for a few years - if the dollars make sense of course.
or maybe they can spit n polish up the deer creek course being discussed as an addition to their roster

[Bern]

I do not know if there any TWC shareholders here.
A recent change to the Halton Regional Plan by the Minister on Nov 4, swept Rattlesnake into the Milton Urban area, land use aimed at housing.
Employment lands are included on the highway 25 frontage.
The amendments are not appealable.
The lands slated for changes are over 390 acres. At $1.5 million an acre, this is $24 a share pre tax.
This will lead to even higher demand at the remaining courses.

Sign me up for a house downwind of the dump!

[PistolPete]

If Clublink memberships are already oversold and their inventory of courses is diminishing, as a result of which reasonable access courses is compromised, then wouldn’t the key question for members be: “How long do we allow ourselves to be played as suckers?”

Issue is Clublink in my view has alot of power right now. They offer a unique product that is not easily replaced. Private clubs have significantly increased initiations and waiting lists are common (especially the good ones). I know ClubLink is difficult for tee times but I'd rather deal with that and play Greystone. Rocky Crest, Heron Point etc. then be a member at a singular lower tier private club (maybe just me).

[Sophos]

I get the sense I’m missing something here. What’s the downside to just walking away if the model or business practices no longer suit you? Can I assume there’s a financial loss?