Leaving green on the green: IVGID Golf Courses did not break even
During the 2022 season there were 22,994 rounds played at the Championship golf course with an average revenues of $90.63 per round. Sadly the expenses to produce each round was $120.53 [1][1]so only 75% of costs were recovered resulting in a loss of $688,210 for the season. The Mountain course fared no better. Rounds played were 16,832 with an average revenue of $40.77 per round but expenses averaged $58.93 per round so only 70% of costs were recovered. The course lost $305,669. Why is this important? 1) Each property owner (YOU) paid the equivalent of $84 to subsidize operations … Continue reading →