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3/4/2014 1:06:36 PM
 
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Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879552
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Bob,
You won't have much outside play if our course is not even listed in the Verizon Yellow pages or The Local Book Yellow book. What a way to run a business. George |
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For reference, the above message is a reply to a message where: An asset makes money, something that loses money is called a liability, operating a golf golf course at a loss is a liability. Lets take that car with a market value of 25k and assume it cost you 2k a year to own it, and you sell it. You are making about 10% a year just by not having to support that car whether or not you reinvest the proceeds, just put that 2k a year in the bank with the 25k and viola! you have a great return. It also goes under the name of opportunity cost, owning that car takes away the opportunity to invest that 2k independent of the car ownership, not to mention the 25k sunk cost. And FWIW, since that course was built, how many upscale courses have been built in the OC area? I don't know, seems like more than 10-15 anyway. And several offer very competitive memberships, you can play at Eagles Landing very reasonably, especially in the off season. With the competition, I don't see any way to have the course pay its way without major dues increase or outside play, which would mean that the current members may have to accept a course that's unavailable to them 3 or 4 day a week in the spring and fall. Fat chance of that. |
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Special Board Meeting - Board Room
11/25/2024 - 7:00 P.M. 3 days or less away! |
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OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
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OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |