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HOW IS A GOLFCOURSE <br /> FOR EXAMPLE: In Myrtle Beach, S.C., a local the site specifics, the profiles of the key <br /> citizen controlled a 500-acre tract that had been in investor(s)would be part of the prospectus. <br /> his family for generations. He did not want it If this financing option were chosen,it would <br /> "sullied with homes." He thus leased half of the perhaps be wise to establish a new company <br /> property to a private developer on a 45-year lease specifically for the new facility. <br /> inerchangefora}latannualfeeplusa flatpercentage Once you have determined your financial needs and <br /> of green fees. The lease can be re-negotiated but obtained the appropriate financing, complete the <br /> cannot revert to the estate. In the first year, the paperwork and have the attorney(s)review it in every <br /> public course,HeatherGlen,hosted47,000 rounds. detail before executing the transaction. This should be <br /> your final checkpoint in the important go-no-go golf <br /> ❑ Outside Investors:If the project visualized course decision. <br /> is substantial,it might be practical to seek a <br /> broad base of investors. In this case, the Now that you have the land, the plan and the money, <br /> Business Plan and course proposal might be we will consider . . . <br /> reviewed with a local investment firm.This <br /> would lead to preparation of a formal How to Build the Golf Course in Chapter 5 <br /> prospectus to sell stock locally or regionally. <br /> In addition to the proforma projections and <br /> 30 Guidelines for Planning and Developing a Public Golf Course <br />