Golf Club Atlas
GolfClubAtlas.com => Golf Course Architecture => Topic started by: MCirba on March 16, 2023, 01:33:30 PM
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Recognizing that our original thread from 2007 might be a bit voluminously daunting to go through, I thought perhaps this might be helpful.
PHL17 interview with Cobbs Creek Foundation COO Enrique Hervada provides a detailed, high-level overview.
https://phl17.com/phl17-news/tiger-woods-foundation-partners-with-cobbs-creek-foundation/ (https://phl17.com/phl17-news/tiger-woods-foundation-partners-with-cobbs-creek-foundation/)
Feel free to ask anything and we'll do our best to answer, thanks.
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It is a fantastic interview of Enrique.
But you must sit through a many seconds advertisement....
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Groundbreaking took place at Cobbs Creek yesterday. It's always an exciting time to be a sports fan in Philadelphia and we were able to get some terrific local press.
Historic Cobbs Creek Golf Course restoration begins - CBS Philadelphia (cbsnews.com) (https://www.cbsnews.com/philadelphia/news/cobbs-creek-golf-course-foundation-philadelphia/)
Philly leaders announce restoration plans for historic Cobbs Creek Golf Course – NBC10 Philadelphia (nbcphiladelphia.com) (https://www.nbcphiladelphia.com/news/sports/philly-leaders-announce-restoration-plans-for-historic-cobbs-creek-golf-course/3605997/)
Golf legend Tiger Woods helps bring major renovations to Cobbs Creek Golf Course – NBC10 Philadelphia (nbcphiladelphia.com) (https://www.nbcphiladelphia.com/news/sports/golf-legend-tiger-woods-helps-bring-major-renovations-to-cobbs-creek-golf-course/3605418/)
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Seems a little surreal to me.
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Seems a little surreal to me.
Tell me about it! :o ;)
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A great time was had by all in attendance yesterday.
And big applause to emcee Ukee Washington. Holy Toledo, that guy is a pro!
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Great stuff guys. Best of luck!
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Lest we forget:
(https://img.newspapers.com/img/img?institutionId=0&user=0&id=201139046&clippingId=21305143&width=557&height=868&crop=0_0_3261_5178&rotation=0)
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Golf jackets have improved.
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It was a cold day on the course. Needed some warmth.
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Appreciate the update - been tracking this!
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Lest we forget:
(https://img.newspapers.com/img/img?institutionId=0&user=0&id=201139046&clippingId=21305143&width=557&height=868&crop=0_0_3261_5178&rotation=0)
Damn...we were so young and naive.
Afterwards some of us convened at a local watering hole where restoration architect Ron Prichard joined us. His well-intentioned advice to us was knowing and prescient:
"This is a good thing. Now you know-it-alls from GolfClubAtlas will get to see how things work in the real world."
Now, almost 16 years later and just beginning construction we certainly learned that lesson!
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Recognizing that our original thread from 2007 might be a bit voluminously daunting to go through, I thought perhaps this might be helpful.
PHL17 interview with Cobbs Creek Foundation COO Enrique Hervada provides a detailed, high-level overview.
https://phl17.com/phl17-news/tiger-woods-foundation-partners-with-cobbs-creek-foundation/ (https://phl17.com/phl17-news/tiger-woods-foundation-partners-with-cobbs-creek-foundation/)
Feel free to ask anything and we'll do our best to answer, thanks.
First I love the idea of adding so many aspects of growing the game for youth with restoration and public access.
Question - in your economic models, how many rounds will you have to do a year to make it sustainable? Or I should say how much of your revenue will come from the greens fees? You have other areas which are cost centers and not profit centers, how much of your model relies on yearly donations to the non-profit? Any endowments in place or planned?
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First I love the idea of adding so many aspects of growing the game for youth with restoration and public access.
Question - in your economic models, how many rounds will you have to do a year to make it sustainable? Or I should say how much of your revenue will come from the greens fees? You have other areas which are cost centers and not profit centers, how much of your model relies on yearly donations to the non-profit? Any endowments in place or planned?
Hi Jeff,
Ahhhh....The million $ question! ;)
I'm not a formal member of the Cobbs Creek Foundation but I know that more money is being and has been raised than is believed necessary for the construction work associated with this restoration and its related components. I know some of it will be socked away in a trust to maintain the golf course(s) at a high level ongoing in perpetuity. I also suspect that some will be used to subsidize green fees for city and local residents at a price point well below what they would be in a traditional golf course business model that did not have philanthropic, community benefit components.
I also know the thinking is that if we deliver on the enormous potential of restoring the inspired original layout by the talents and cache of the restoration architects that the issue of demand should be a non-issue.
One thing the Foundation was very wise in crafting the agreement was to ensure that all monies raised through golf goes back into the Foundation, and not directly to the city. For their part, the city fathers had the foresight to understand the similarly enormous residual economic and societal benefits of the project.
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The first step of construction has been completed, the creation of a reservoir that will provide irrigation to the nearly 400 acres of the property. It is 100 yards long and 18 feet deep, and the great news is that it's been able to located in an area of the property where no golf holes will be in play, so essentially isolated and invisible in a corner of the property. More to come over the winter, weather permitting.
(https://live.staticflickr.com/65535/53373571873_d59da079c2_6k.jpg)