Laserfiche WebLink
i• <br />Introduction <br />This report has been prepared for the City of Mounds View — <br />the Golf Committee, the City Council, and the City <br />Administration. It is intended to furnish information which <br />will assist the city in making a decision regarding the <br />development of golf facilities. <br />The report covers all aspects agreed to between the City of <br />Mounds View and Effective Golf Course Systems. Golf <br />industry trends are reviewed with commentary on the <br />national, state, and local level. Detailed area demographic <br />information with trends is furnished. An analysis of the market <br />and market competition in the Primary and Secondary market <br />areas is detailed. A profile or typology of golfers and their <br />attraction to various golf venues is presented. <br />Although a 10-year economic projection (proforma) was <br />called for in the contract for services, EGCS has taken the <br />liberty of preparing a 20-year proforma. In our experience, <br />decisions regarding economic viability of municipal golf <br />projects are based most often on 20-year projections, a <br />common period of time for issuance of revenue bonds. <br />Effective Golf Course Systems was pleased to have the <br />opportunity to work with the City of Mounds View on this <br />project, and hopes that it may be of further assistance should <br />the city proceed with the development of golf facilities. <br />2 <br />