Australia: $120 million Stonequarry project on hold

Plans for the $120 million Stonequarry residential golf course near Sydney reportedly have been placed on hold indefinitely.

A softening housing market and economic downturn were blamed for the decision by Bradcorp, developer of the project, according to The Australian Financial Review.

"The construction of the golf course has not been cancelled but we cannot say with any certainty whetherit will happen," said Bradcorp representative Peter Brennan.

He said a lack of final government approvals as well as difficulty in arranging financing had forced the decision.

Pakistan: Tourist agency adds course at resort

A major tourist resort planned by the Pakistan Tourism Development Corporation (PTDC) is slated to include construction of a new golf course.

The PTDC recently received approval of the proposed 172-acre development at Gaddani Beach from its board of directors. The resort will also include a new hotel as well as a variety of modern water sports facilities.

Scotland: €16 million project moves ahead

Cheshire-based developer Guardian House Ltd. is moving forward with plans for a golf course and luxury housing community in Connel.

Named Saulmore Farm, the development will feature an 18-hole golf course with a full clubhouse, including a restaurant and bar.

The first phase of construction, expected to cost as much as €16 million, recently got underway. It will encompass construction of the golf course as well as the community's first six houses.

The four-bedroom houses are currently priced from €600,000 to €700,000.

Bella Collina, Indian Wells Golf Resort, Reynolds Landing capture clubhouse honors

FOR IMMEDIATE RELEASE                                                                                                                                                                           Nov. 20, 2008

European course owners struggle through economic slump

Amid the uncertainty of the spreading global financial crisis, European golf industry leaders are taking steps to change the way they do business.

Delegates to the November European Golf Course Owners' Association (EGCOA) "Big Change" conference in Berlin voiced worries about the economic recession now impacting Europe. They also expressed concern that course supply in many developed and mature golf markets has exceeded demand.

New PGA president wants to promote game

 

Jim Remy has seen the golf industry go through ups and downs before. And he's confident that with hard work and smart decision-making, the industry will get through the current economic downturn. 

But in the meantime, as the newly elected president of the PGA of America, Remy said he plans to focus much of his efforts in the coming months on promoting the game and encouraging more individuals to play.

Golf 20/20 aims new grow-the-game program at adults

 

The World Golf Foundation's Golf 20/20 coalition of industry leaders has unveiled a new program designed to bolster the efforts of established programs such as Link Up 2 Golf and the PGA of America's Play Golf America to introduce new players to golf.

The new initiative, called "Get Golf Ready," specifically targets adults who either have never played golf or have had only limited exposure to the game.

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