New prices for Olagolf Courses

I also agree that a clubhouse is essential to the development of  Condado.  The pipe dream of the Oaisis is a distant dream.  A clubhouse is more of an essential that the gym.  A clubhouse will have to entail the facilities generally found within a clubhouse.     We could provide Olagolf with facilities for a fee,  if they do not participate in the investment.  Thus we already have one tenant.  We could put the runnning of bar, food outlet coffee shop, out to tender.  

For our property to increase in value of our properties, rental or otherwise we need a club house with facillities, otherwise the course will not mature as it should as Olagolf invest less as tornaments fail to return.   I ws going to say then Condado will then truly be a ghost town but our village has more facilities than Condado. 

Ooooops I to forgot I have finite resources.  I have no idea what a flat pack clubhouse the said erection of such will cost.  I will now get my head out of the clouds, face reality and get back on earth.   

S

Hey excuse grammatical error in second paragraph and typo erros.  Been too long a day.

 L,  sorry if that came over a bit sharp, but, as I said I would not expect anyone to put any email address on the public forum.  My point about the gym was not very clear. What I meant was,  that the presidents  are trying to sort out a a lease of some sort for the benefit of the community.   They have their hands full with that,   as I said the golf course etc has nothing to do with the community so I can see why they don't want to get involved with that at the moment.  Having said that,  I have had correspondence from several presidents  who are, with grateful thanks,  "looking into matters that I have asked about".   Again, I won't put this on a public forum until it's a fact.   That doesn't stop me trying to find out a bit more.

Barry, I think Steeley meant "owner golfers" not just residents,  even you don't have that much. lol  

Steeley,  if this ever had to happen,  and let's hope it doesn't,  it would have to involve every owner, golfer or not.  The golf course is the hub of this site.  Get people on the course, get people renting apartments.  That's a benefit to all owners, not just golfers.

Ali,  Yes the bank have only asked a question, but the point is,  they shouldn't be asking stupid questions now.  They should now be doing, like they promised,  and I'm sure Olagolf are more than qualified to put the needs of a golf resort over to them.

Darren, I do see your point about the banks and the money,  but PW do still own Naranjos 5 and 6,  I know that's nothing like what they have on Terrezza but it is still an interest.  There's still the debate about wether they do still own any building land.  

I know  banks go back on their word all the time,  I know quite a few bankers

Crikey this is gonna look like one of Tony's posts.  Sorry folks

June 

hi david....... steeley1981

i agree we wont get any help from the banks or pw but as far as olagolf are concerned, i dont know how long they are contracted for the running of the golf cource but as far as not being cash rich i think being headed up by a guy who has made 18 million dollars in carreer earnings on the cource not to mention what he has made off it i think he could stretch to a log cabin. 250,000e should get us a fair sized clubhouse with maybe a further 50,000e to fit it out. after all if it does'nt work out it just dismantles and they can take it away to another project.majorly benificial for them commercially to invest in this.

If there are 3000 properties on CDA then all of us should put 1000 euros each in and build the best club house in spain. This is based on a 50% agreement to this so I am sure 1.5 million eros will build something special.

Mark B' sounds good to me!!!

Just think, you wouldn't have to use the Clover ever again!!!!!!

A fairer way to fund the clubhouse would be to maybe add 5 Euros on to the cost of a round of golf and start a "clubhouse fund". Based on Marks 1.5 Million Euro Clubhouse and 50 Golfers per day, we would have the money in16 and a half years. This will be quicker than waiting for Polaris, or Olagolf.

Alternativily we should speak to Camposol Golf Clubhouse about putting on free transfers to their clubhouse, this would cost us nothing and golfers could still have a clubhouse to drink at.

I would still be hopeful that the clubhouse will go ahead.

The course will get its value from numbers using it and a good reputation.  A clubhouse is needed for both.  Lets hope Olagolf can make the banks aware of this.

I like the suggestion of a "owner/golfer" funded clubhouse but unfortunately know there would be too many barriers to this. I'd pay €1,000 in if it resulted in a clubhouse and got the society out of the clover.

Once a costing is known maybe the banks would think about some kind of joint venture in getting the clubhouse off the ground. Maybe golfers who put in €1,000 could get credit for 25 society outings.  Even knowing people are suggesting these options may make the bank aware of how necessary the clubhouse is.  I know its unlikely but you can only hope.

As people have mentioned banks are banks not developers...but in saying that they are defacto investors/developers now as they hold land/properties that they do want to shift and make a profit on some day.

I'll hold onto any slim hope as I look forward to not having to set foot into the clover after golf again.

So would you all be happy to see the clover shut,restaurant and tennis etc already gone 

but our club house is OK ,WE CANT KEEP WHAT WE HAD

I haven't read any viewsof people that would like to see the clover shut.  I know many people like it and need a local bar.  And I am not putting forward the view that it should shut.

I use it rarely when I am over and that is mainly when the golf society meets.  The reason I use it rarely is because the service is pathetic not because I do not enjoy a pint.  That is why I am so hopeful of a clubhouse being opened.  

I'd like to see the clover as a great local bar where I could enjoy a pint and enjoy myself.  Unfortunately it's not (in my view) so I would welcome any other alternative.

Think Henry makes a good point, there simply is not enough custom to support any more bars/restaurants at condado. The restaurant we have has now shut (maybe for winter maybe forever), The surgery has shut and the Clover cant make much of a profit over the winter months.

Whatever the cost of building, fitting out and staffing a clubhouse would be, I cannot see it being economically viable.

The only way a Clubhouse would come to Condado was if building recommenced (by Polaris or anyone else). Thats would then help them sell the new properties.

It may be a valid point and a clubhouse may not make money in itself for the banks. 

BUT no golf course will attract members or grow green fee paying numbers if it doesn't provide what any village golf course can, which is a clubhouse.  People will make an allowance for a new course but their will be a limit to this.  Golfers go back to places that they have had an enjoyable experience, but likewise they don't go back if the overall package is sub standard. And playing a round in the morning and then eating a sandwich in a car park is not something that attracts golfers. 

You can't look at the clubhouse like a stand-a-lone cafe and in isolation from the golfcourse...a good course, membership fees structure, green fees, and standard of clubhouse facilities all affect golfer numbers and overall revenues.

SMV, your right the golf course needs a clubhouse to develop and grow, but the banks are not looking to develop, enhance or grow their investment.

If you want a clubhouse, you need new developers or the banks to sell the course onto new owners..... for now you will all have to make do with the clover.

People on this forum are forever telling me "there are people far wosre off!". I know its the last thing you want to hear....

I would love to see a club house ,restaurant, tennis and anything else that would help the resort but we cant keep hold of what we had, not only is the property value falling as we talk but now the rental if any will drop ,does anyone think that Polaris are trying to run the condado down,because at this rate we will be lucky to have a pitch and putt itsgetting beyond a joke

I agree with you Henry that Polaris seem to be making no effort on the resort.  Changing hours at the clover was one example.  I think the community needs to find someway of letting other businesses open up on the resort rather than be held hostage to Polaris' plans.

I can understand Darren's view that new development is needed before a clubhouse starts.  But I am coming from the other way around...the course (I assume the banks big asset at CDA) will not attract buyers as a top course unless its got the facilities and proven level of golfers playing.  It may be the bank has no money to invest and so nothing will be done.  But the overall value to the course/bank's asset of the clubhouse is not limited to the cost of building a clubhouse.  If they don't develop the course then they will be decreasing the value of the course as people start to look at it not as a work-in-progress but as the finished product.

Of course it hard to know exactly what the terms of their ownership/lease are and what Polaris has influence over.  And this would be a major factor.

You are quite right Shane.

The banks MUST build some kind of clubhouse otherwise it is a white elephant. I have organised many golfing trips to the Costa del Sol and I must admit the lingering memories are of sitting in the bar after with a pint or two discussing the course and the days round amidst fantastic views.

As it is now golfers may play once and comment on how good the course is (as everyone does who plays Condado) but they will never return if they do not have the basic standards of service available at numerous courses in the area..

Golf holidays are a cutthroat business and we are in danger of folding if we do not compete. I do not blame Olagolf but the banks need to take an overview of the situation otherwise they may lose everything for the sake of a small investment (by their standards) in a temporary clubhouse (which they already have plans for).

Barry

 Darren,

I think in a previous post  you said you were in banking, do you work for IRM?

If so, the this would explain your insight and the definitive way you state " the banks are not looking to develop"

If you do not work for IRM, then your words are just an ( educated ) guess, so perhaps you should start such statements with "in my opinion"

L 

L, I am in banking and I dont work for IRM.

However banks have shareholders and are PLC's, as PLC's they are limited in their business practices. I am sure the shareholders would not like to hear that the bank they invested in, rather than using their money for Banking, they are instead using their money to build a clubhouse on a golfcourse.

Banks cannot use their shareholders money for anything other than banking! I am not making educated guesses, I am stating facts.

Even if the bank is guaranteed to make millions from this clubhouse, they restricted in their business practices.

People refuse to believe what they dont want to hear.

"Banks cannot use their shareholders money for anything other than banking!"

So,

The banks don't own hundreds of apartments across Condado?

The banks don't own large parcels of land?

The banks arn't paying Olagolf to manage the golf course?

Hopefully the banks will build the club house, guess we will have to wait and see.

Phil

Phil to address your Points.

The banks do own hundreds of apartments across condado! howver they didnt build them, they took possession of them in exchange for debt... The banks could make a nice profit on these properties if they tenanted them or put them up for Holiday lettings.... However ... They CANT!

The banks do own Large Parcels of Land! Again they could maximise this land value buy building on the land afterall its got planning permission for a Golf Course and an Oasis..... however They CANT!

The Banks are paying Oldgolf to Manage the golf Course, silly when they could just do it themselves..... Oh hang on a minute..They CANT!

As you stated in your post (before your edit) in January I did Predict that polaris would go bankrupt. I wasnt 100% correct, but most of the Polaris companies did go! So not such a bad prediction?....

Actually.... why should I bother, some people will never believe the truth!........ Your All Right and I am Wrong! What do I know about Banks!!!!! The Banks will build you a clubhouse! A  Nice big one, with a "quiet" bar, and a lovely restaurant, with reasonible prices, overlooking the world class golf course, should be open at the end of next month, I may see you in there (although I will give a false name so I dont get smacked!)