Golf Courses Sell At Fast Pace, But Developers Are Taking Mulligans On Reuse

As golf fans shift their gazes this week toward the majestic Augusta National golf course and the Masters Tournament, in Chicago, the game`s many courses are apparently lodged in a bunker.

Golf courses in the Chicagoland suburbs are selling quicker than at any point over the last decade, according to CoStar data — further evidence of the sport`s long-term decline and winnowing popularity with young people.

But buyers are lining up from a rather surprising sector of real estate: industrial..

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RSK: Several things going on here. First the usual NIMBY...Not In My Back Yard, secondly the need to use the land for the highest and best use and thirdly the tax revenue. I`d be curious on your take on this. Drop us an email r text. Glad to see two of the three worked out. But there will be more. Just like Madison`s Glenway Golf Course and a few others.

Ken Notes: I have said before it is always the third owner that makes money on a golf course. Erin Hills is my favorite example. I feel sorry for Mr. Lang...