Interesting article about Braeben Golf Course in the city of Mississauga. It seems like they didn't making as much a profit as they had forecasted 9000 fewer golfers golfed there to meet there projections. In there first full year (2006), the 27-hole golf course, built on a former landfill site at 5700 Terry Fox Way in Mississauga, generated only $57,000 in net revenue — a bit of a difference from the $300,000 total that was projected.The highlands style course was built by the Region of Peel for $31 million. Under the terms of an agreement with the City of Mississauga, the City will manage the facility for a 99-year period, with both parties sharing in the revenue.
“There are a number of factors which have contributed to this reality,” said Mitch Zamojc, Peel’s commissioner of environment and transportation, in a corporate report. “A number of new golf courses have been added to the GTA marketplace since Braeben opened, which has hampered the ability to attract players on a consistent basis. As well, the style of course (links style with steep inclines) is not preferred by all players. Finally, the course still has the connotation of a former landfill site.”
One positive is that they've been getting good numbers for tournament. This is one course I've wanted to play with my father-in-law who lives in Etobicoke. This is one more reason to go we want new golf courses to be able to make it.
Nov 12, 2007
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» Braeben Golf Course- Numbers Down
Braeben Golf Course- Numbers Down
By Ottawa Golf Blog
Posted at 11/12/2007 02:36:00 PM
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