However existing depreciation would work out, there are still the new depreciation costs we would all pay when a new Country Club or other capital is spent... maybe another $5 million or so? No one knows, and currently the sky is the limit when it comes to golf course spending. So, we would spend some amount of millions and pay for it with funds from 5-year plan part of our current assessment, and immediately begin paying more in depreciation the moment the new clubhouse is completed.

Also, depreciation is more or less for future replacement purposes. If we just spent $1 million on greens, and we did, there would be no need to continue collecting greens depreciation in the assessment as there would be no need to replace them.