Nearly a fifth of municipal courses report that they are in financial or operational trouble, according to NGF figures to be released later this month at a symposium in Chicago, the Wall Street Journal reports.
Although, publicly owned golf courses are performing relatively well in the rececssion. For the first two months of 2009, rounds played at munis were up 5.5 percent from 2008 levels. Private clubs were up 4.6 percent, privately owned daily-fee courses down 3.2 percent and resorts down 3.6 percent, all according to PGA PerformanceTrak reports.
For the full story, visit the Wall Street Journal's Golf Journal.
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