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HomeMy WebLinkAbout2016-05-26 Study Session - Golf Course Operations Market Study CITY OF PIILM DESERT 20 ()) 73-510 FRED WARING DRIVE s 4/ b�� im� ti PALM DESERT, CALIFORNIA 92260-2 5 7 8 4;P : b"4 —r "� TEL: 760 346-061I info@cityofpalmdesert.org °197`3` NOTICE OF STUDY SESSION OF THE PALM DESERT CITY COUNCIL NOTICE IS HEREBY GIVEN that the Palm Desert City Council will convene for a Study Session Thursday, May 26, 2016, at 2:00 p.m. in the Administrative Conference Room of the Palm Desert Civic Center, 73510 Fred Waring Drive, Palm Desert, California 92260. Said Study Session will be for the purpose of discussing the Golf Course Operations Market Study. te. ��� bk Pvligf-— RAC 1- LLE D. KLASSEN, ITY CLERK CITY OF PALM DESERT, CALIFORNIA MAY 20, 2016 NO ACTION WILL BE TAKEN AT THE STUDY SESSION. PURPOSE OF THE STUDY SESSION IS INFORMATION ONLY. a�eeiereo oe nean[o vev[e III ''5 lir , „.- Deserts U ki LA .„ lik WGolf R.L,:t r i . . .,1 i . vb _...m. . .. .., - HOT DEAL, COOL CARD ...40 Play like a VIP all summer long with our 2016 Summer VIP Card,the hottest deal in Desert golf! RESIDENTS -$49 1 NON-RESIDENTS - $79 Purchase Yours Today!Visit www.desertwillow.7com/VIP, Swing into the Golf Shop or Call(760)346- h1 . 0. Desertt Will Golf Resort TireclifF• Mountain View 38-995 Desert Willow Drive•Palm Desert,CA•92260 1111 e Y SUMMER VIP CARD GREEN FEES April 11,2016-May 30,2016 Published Summer VIP •Sunrise(Open-8:55am) $13-5 $85 •Prime(9:00am-10:55am) $4-35 $75 •Twilight(11:00am-12:55pm) $95 $65 •Sunset(After 1:00pm) $75 $55 May 31,2016-September 25,2016 •Sunrise(Open-9:55am) $95 $35 •Twilight(After 10:00am) $65 $25 SUMMER VIP CARD BENEFITS •Discounted Green Fees for Cardholder •Secure Tee Times up to 7 Days in Advance •1 HourEarlier Twilight than Non-Cardholders •50%OFF Driving Range •25%OFF Apparel(Non-Sale Items) •15%OFF Accessories and Footwear(Non-Saleltems) •15%OFF Golf Lessons or Golf Schools •10%OFF Restaurant Dining(Food Only) •Valid April 11,2016 through September 25,2016 Desert Will Golf Resort TIrecIf♦ Mountain View (760)346-7060•www.desertwillow.com/VIP 38-995 Desert Willow Drive•Palm Desert,CA•92260 Kempersporls• *Due to a bunker renovation,tee times on the Firediff course will be limited or unavailable after Monday,May 16,2016. t Management Agreement Market Study On direction by the City Council of the City of Palm Desert, City staff along with Kemper Sports Management Staff at Desert Willow were requested to perform a market study between Desert Willow and several comparable properties within the local region, within the state of California and nationwide. The focus was to provide an analysis of management contracts and agreements for operations of municipal golf courses and resorts; and compare the data to Desert Willow's contract with KemperSports Management, Inc. Information was gathered by contacting other cities directly, KemperSports' contracts and through the utilization of a recent study performed by Pro Forma Advisors for the City of Santa Barbara. The operational agreements and contracts are vast and often tailored specifically for each property's goals and expectations. Most of the specialized and individualized management contracts and agreements can be summarized within the most common Management Agreement Models. Below are summaries of the most common models of facility management: Management Agreement Model -The Management Agreement model, although observed at only about one-quarter of the Southern California municipal golf courses, is the most common model employed in the municipal golf market today.The City enters into a fee-for-service agreement with a Director of Golf, General Manager, or an outside management company. Under a typical management agreement,the facility owner (City) receives all revenues and is responsible for funding all capital improvements, operating expenses and capital reserves. In addition,the City pays the operator a fee for management of the facility. In effect,the professional operator serves as the City's agent in managing, operating and maintaining the golf facility. Management compensation typically consists of a base fee, plus performance incentives.The "management agreement model" currently accounts for 23 percent of the 83 municipal golf courses in Southern California,although in recent years the model has been employed in the majority of the municipal transactions. Golf Facility Lease Model - Under the Golf Facility Lease model,the City would enter into a long-term facility lease with a private golf course operator who provides course maintenance, golf operations, and overall facility management.The food and beverage operation may be included or provided through a separate lease.Typically,the lease model has been utilized when a private entity will be investing significant capital into the facility.The operator's lease payments typically are based on a minimum rental payment versus a percentage of gross revenues derived from golf, merchandise, food and beverage, etc. Under a typical facility lease,the lessee receives 100 percent of the revenue and is obligated to fund required front-end capital improvements, operating expenses, and a capital reserve fund.This model is not as common in today's municipal golf market, although it is the model employed in over one-half of the municipal golf courses in Southern California.The "golf facility lease model" currently accounts for 57 percent of the 83 municipal golf courses in Southern California, although in recent years the model has been employed in a much smaller percentage of the municipal transactions. Full Self-Operation Model -The Full Self-Operation model,whereby the facility is operated fully by the City with a City workforce, is very uncommon and movement away from this model continues given higher public employee compensation labor costs.This model is not seen as a viable option for Santa Barbara at this time. Currently,the "full self-operation model" accounts for 6 percent of the 83 KemperSports- Page 1 municipal golf courses in Southern California. In addition, there are two recreation districts (two percent) in Southern California which operate municipal golf courses. There are economic and non-economic advantages and disadvantages of the various types of operating structures, and the most appropriate structure generally is strongly influenced by the objectives of the owner(City). Most of the advantages and disadvantage of each approach are summarized in the table at Appendix A. Desert Willow currently operates under the Management Agreement Model and Appendix B shows a comparison of multiple agreements across various criteria. Comparisons were done with individual properties as well as summaries of KemperSports' portfolio of managed properties. Management agreements contain a wide range of responsibilities depending on the amenities offered at the facility. The comparison denotes the services under management for each contract such as Course Maintenance, Golf Operations and Food & Beverage Operations. Management fees are evaluated as a percentage of total gross revenues. The analysis at Appendix B shows a range of agreements between 2%and 6%of total gross revenues. The average management fee of the sample,which includes 25 KemperSports properties and 8 others, is 4.3%of total gross revenues. The cost of the each management agreement can vary significantly due to some of the following factors: • Any Non-compete Restrictions • Required Centralized Services Reimbursements (Accounting, Marketing and Others) • The Number of Years of the Agreement • The Number of Courses a Management Company has in the area • The Amenities the Facility Offers • Cash Financing Arrangements In summary, Desert Willow has a management fee of 4.6%of total gross revenues, while carrying a 20 mile non-compete restriction and a cash management financing clause. ;•; KemperSports Page 2 Appendix A Operational Model Analysis Full Self Operation Management Agreement Facility Lease STRENGTHS • Provides highest level of City • Provides strong financial return • Provides reasonably strong control over rates, policies, to the City financial return to the City practices and overall golf • Provides high level of city • Minimizes financial risk experience control • Minimizes political influence • Availability of City overhead • Greater potential quality with less direct involvement of support functions assurance the City with setting fees, • Full Participation in upside • Opportunity to provide shorter policies and practices financial performance and term contracts • Offers potential benefits in golf potential efficiencies in • Potentially more compatible management expertise and retaining all golf operations with multiple operator options specialized maintenance functions • Provides opportunity to retain support services • Provides opportunity to retain specialists in professional golf • May provide private capital specialists in golf operations management investment in facilities and food and beverage • Capture benefits of private • Preserves option to convert to sector wage and benefit alternative operating option structure WEAKNESSES • Constrains ability of • Requires more City • Minimum operational and management to adapt and involvement than facility lease quality control respond to dynamic market option • May involve long-term conditions • Minimizes private capital contractual commitment • Entails substantial financial risk investment in facilities • Minimizes financial upside • Involves higher public sector • Entails greatest level of city • Current weak market for wage and benefit structure financial risk facility leases • Reduces opportunity to attract • Potential conflicts over capital private capital due to reduced reinvestment responsibilities lessee control of contracting parties • Potentially difficult to retain Pro Shop and instruction concessionaires • Relatively high City monitoring requirements _,• KemperSports' Page 3 Appendix B Golf Course Desert Willow Golf Resort Indian Wells Golf Res('Oak Shoreline Encinitas Ranch location Palm Desert, Indian Wells,CA ,ek,CA Mountain View,CA Encinitas,CA Golf Week Top 50 Muni(Yes/No) Yes(Firecliff) Yes(Players&Celebril • , Course Type Upscale Municipal Upscale Municipal pal •- Number of Holes 36 36 Owner City of Palm Desert City of Indian Jells Creek City of Mountain View Encinitas Ranch Golf Auth. Operator KemperSportsTroop Golf ;o Touchstone Golf JC Resorts Agreement Date 2013 2014 , Term(Years) 3 5 Options Two 3-year One 5-year None Options Holder City City City Annual Gross Revenue $ 10,500,000 $ 13,20C4,000,000 $ 3,000,000 $ 4,500,000 Base Annual Fee $ 300,000 $ 285 156,000 102,000 $ 180,000 Lesser of 3%or CPI fa CPI Adjusted NO preceding year No Yes ss revenue get;7.5% .75%of gross golf revenue 5%of gross revenue in excess revenue 0'•I . Incentive Structure of 0 000 None )udget in excess of$2,500,000 direct Management Functions Annual Compensation Base $ 300,000 $ 285 156,000 $ 102,000 $ 180,000 Reimbursements $ - $ 24,000 Incentive $ 180,000 000 $ 25,000 $ 35,000 Total $ 84 0.000 11111 • %of Total Gross Revenue 4.6% 3.2% 4.2% 5.3% Centralized Services$2 Payroll Administration$ Employee&Benefits Ad Reimbursements None $65k None Acct-$24k per year Performance/Other Deposit None None None None Non-Compete Restrictions 20 Mile None None None Management Fees not allowed to be lower as a Operator required to maintain percentage of Gross Reve cash at$500k. Operator than any other Daily Fee, provides funding as an Resort with revenues ove Other Items of Note interest free loan as needed. million in USA. None None +,44."" fis @y try .,. . g. ,At.' -,`:-.---;e '.''' 1 :4-'1.. ' ram; '.I,• .. - '< ,v� 1 . .....-,„<V .4,. ,. .., 44.. _4.." ....._ ,1,',,...6,, Or',,-2 14 . _. N.14101. --...--.. 1111.... .! -'- .74... IT: 7f° ' 1,k-i • ik • • t .U• - • was i , ..a _. J J :�. • 40 1 r • Golf Course Management Market DesertComparison Study Y wii • KemperSports Contract Golf Resort • Financial Performance • Customer Service Perfor ;. , • pow. 1 •:0 Market Comparison Study On direction by City Council, City and Kemper Sports Management (KSM) staff were directed to perform a Market Comparison Study of typical golf course operation/management agreements employed nationally, statewide and, locally. The intent of the Study is threefold; 1 . To obtain updated information regarding golf course operation agreements and, 2. Generate a comparative analysis of the KSM Desert Willow Golf Resort Agreement with other golf course operation agreements and, 3. Determine if the current KSM agreement model provides the optimum benefit to the City, its residents and, the Desert Willow Golf Resort. Information for the Study was gathered by; contacting other cities/golf courses, research of other KSM public golf course contracts and, utilization of the recent Pro Forma Advisors Golf Course Study performed for the City of Santa Barbara. Golf course operational agreements are varied and tailored specifically to meet each property's goals and expectations. In general, public golf courses operate under one (or a hybrid) of three contract formats as follows; a Self Operation, a Facility Lease and, a Management Agreement. The following table demonstrates the strengths and weaknesses of the respective contracts: KemperSports' 2 404 • s Market Comparison Study-Contracts Self Operation Management Agreement Facility Lease STRENGTHS • Provides highest level of City control • Provides strong financial return to • Provides reasonably strong financial over rates, policies, practices and the City return to the City overall golf experience • Provides high level of city control • Minimizes financial risk • Availability of City overhead support • Greater potential quality assurance • Minimizes political influence with functions • Opportunity to provide shorter term less direct involvement of the City • Full Participation in upside financial contracts with setting fees, policies and performance and potential • Potentially more compatible with practices efficiencies in retaining all golf multiple operator options • Offers potential benefits in golf operations functions • Provides opportunity to retain management expertise and • Provides opportunity to retain specialists in professional golf specialized maintenance support specialists in golf operations and management services food and beverage • Capture benefits of private sector • May provide private capital • Preserves option to convert to wage and benefit structure investment in facilities alternative operating option _ WEAKNESSES • Constrains ability of management to • Requires more City involvement than • Minimum operational and quality adapt and respond to dynamic facility lease option control market conditions • Minimizes private capital investment • May involve long-term contractual • Entails substantial financial risk in facilities commitment • Involves higher public sector wage • Entails greatest level of city financial • Minimizes financial upside and benefit structure and liability risk • Current weak market for facility • Reduces opportunity to attract leases private capital due to reduced lessee • Potential conflicts over capital control reinvestment responsibilities of • Potentially difficult to retain Pro contracting parties Shop and instruction concessionaires • Relatively high City monitoring ;+; Kc:mperS}xws requirements 0 Market Comparison Study-Courses olf Course Desert Willow Golf Resort Indian Wells Golf Resort Tahquitz Creek SilverRock Location Palm Desert,CA Indian Wells, CA Palm Springs,CA La Quinta,CA Number of Holes 36 36 18 18 •perator KemperSports Troon Golf Century Golf Landmark erm(Years) 3 5 5 5 nnual Gross Revenue $ 10,500,000 $ 13,200,000 $ 4,900,000 $ 3,500,000 Annual Compensation Base $ 300,000 $ 285,000 $ 225,000 $ 96,000 Reimbursements $ 140,000 $ - Incentive $ 180,000 $ - $ - $ - Total 480 000 S 425.000 S 225.000 S 96.000 %of Total Gross Revenue 4.6% 3.2% 4.6% 2.7% Centralized Services$25k; Payroll Administration$50k; Employee& Benefits Admin Reimbursements None $65k None Performance/Other Deposit None None None $ 25,000 Non-Compete Restrictions 20 Mile None None None Management Fees not allowed to be lower as a percentage of Operator required to maintain Gross Revenue than any other cash at$50ok. Operator Daily Fee/Resort with provides funding as an interest revenues over$10 million in Other Items of Note free loan as needed. USA. None None .. KcmperSports ♦.0 Market Comparison Study-Fee Factors The following factors typically influence the fee for services proposed in a golf course operation/management agreement. — Non-compete Restrictions — Requirements for Centralized Services Reimbursements (Accounting, Marketing, and Others) — Number of Years in the Agreement Term (5 yrs. typical) — Number of Courses operated by the Management Company within the Market Area — Amount of Amenities Included in the Facility — Cash Financing Arrangements — Standard of Quality and Customer Service — Number of Additional non-Golf Related Events at Site 0 KemperSports 5 ♦*� 1 � KemperSports Contract Management Fees earned in two components: — Fixed Management Fee • Monthly contract fee of $65,750 allocated in two separate increments: — $25,000 Base Management Fee (or $300,000 annually) — $40,750 Allocated for Key Employee Payroll Expenses » Amount is reconciled annually and trued up to match actual payroll costs. » Amount not considered a part of management fee, but is reported as a Desert Willow operational expense in the income statement for actual payroll expenses. — Percentage Management Fee • Calculated and paid annually at 5% of Gross Revenues in excess of $6,500,000. Contract provides for a threshold of $175,000 with a 3% annual increase. KemperSports' 6 0 KemperSports Contract Key Contract Clauses: — 20 Mile Radius Restriction • Section 3.13 restricts KSM, its affiliates or subsidiaries from owning and/or operating any other golf facility within a 20 mile radius of the Desert Willow Golf Resort. — Minimum Operating Cash Requirement of $500,000 • Section 7.4 requires KSM to maintain a minimum operating cash balance of $500,000 throughout contract term. Note: KSM has occasionally provided up to $1 ,400,000 of funding (over multiple months at 0% interest) during their agreement term. ;•; KemperSports 7 • s DWGR Financial Snapshot 2014/2015 2013/2014 2012/2013 2011/2012 Golf Revenue $ 7,894,676 $ 7,804,903 $ 7,349,155 $ 7,635,352 F&B Revenue $ 2,671,630 $ 2,450,213 $ 2,343,733 $ 2,314,665 Total Revenue $ 10,566,306 $ 10,255,116 $ 9,692,888 $ 9,950,017 E B I TDA $ 1,498,769 $ 1,391,720 $ 607,759 $ 841,560 Cash Flow $ 226,117 $ 45,943 $ (371,773) $ (111,165) Rounds 87,252 89,001 84,314 86,671 Average Green Fee $ 72.78 $ 71.21 $ 70.64 $ 71.64 Peak KemperSports Loan (Interest Free) $ 1,016,067 $ 1,387,329 $ 951,171 $ 544,521 *Note: The city of Indian Wells general fund contributed $1.4 million and $2.4 million for the fiscal years ending 2015 and 2016 to support operating expenses at IWGR. 0 KemperSports' 8 0 Desert Willow Golf Resort vs. Indian Wells Golf Resort Total Facility Revenue $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 2012 2013 2014 2015 EBITDA (Operating Incorn - } Comparison $1,600,0tK3 $1,400,000 $1,200,000 $600,000 $400,000 W��_____._._.__ .-.,.__.____ $200,000 201 2013 2014 <. ? 201 DWGR IWGR KemperSports' 9 0 Customer Service Performance-Orca Report The ORCA Report is new to the region's golf industry and specifically analyzes golf rounds and revenues. ORCA is similar to the Hotel Industry's STR report which compares room occupancy vs. revenues. ORCA establishes a competitive set for each facility evaluated. Desert Willow's competitive set includes the following golf courses: — Marriott's Shadow Ridge Golf Course — Indian Wells Golf Resort - Celebrity Course — Indian Wells Golf Resort - Players Course — SilverRock Resort — La Quinta Resort & Club - Dunes — La Quinta Resort & Club - Mountain — Classic Club — PGA West Norman Course — PGA West Stadium Course — PGA West Nicklaus Course 0 KemperSports 10 r ♦ Customer Service Performance-ORCA Report ORCA Report - Revenue Per Available Round $60.00 $50.00 $40.00 �_______._____ __ _e____..____ I$20.00 I I I I 261 .01 21 Fi recliff Mountain View Competitive Set Rank Among Competitive Set Running 12 Month 2014 2015 2016 Firecliff Ranking 3 of 11 1 of 11 1 of 11 Mountain View Ranking 3 of 11 2 of 11 1 of 11 Statistics through April 30, 2016 0 KemperSports' 11 w Customer Service Results-TrueReview KemperSports TrueReview TrueReview serves as the measuring tool for our proprietary TrueService customer service program. TrueReview surveys are sent daily to all golfers who played the previous day. Below is a summary of the customer responses for the last two years and the current year through April: DESERT WILLOW GOLF RESORT Fiscal Year Net Promoter Overall Service Course Food Recommend # of Score (NPS) Rating Rating Rating Rating Rating Surveys 2015/2016 YTD 78.6 9.1 9.4 8.6 8.5 9.3 2,070 2014/2015 73.8 9.0 9.3 8.6 8.5 9.2 1 ,821 2013/2014 72.5 8.9 9.1 8.7 8.4 9.2 1 ,209 OKemperSports' 12 0 Customer Service Performance-NPS Below is a list of current Net Promoter Score (NPS) ratings for several `industry leading' companies. The Desert Willow Golf Resort rating is highlighted for comparison. Company 2015 NPS Score Desert Willow 78.6 Costco 79 Starbucks 77 Amazon 69 Southwest Airlines 62 Westin 59 Walt Disney 50 Apple 47 NGF Premium Facilities 44 Nike 30 * • KemperSports' 13 ♦ ♦ Customer Service Performance-Internet Desert Willow is also measured by customers on external websites. Below is a summary of Desert Willow's results on popular sites: Trip Advisor Ranking Overall Excellent Very Good Average Poor Terrible Total Reviews (Cummulative Results) Golf(Attraction Category) #6 of 23 4.5 of 5 158 54 15 8 2 237 F&B (Restaurant Category) #22 of 204 4.4 of 5 82 33 16 4 2 137 Certificate of Excellence Award by Tri p Advisor in both categories YELPTotal Overall 5 Stars 4 Stars 3 Stars 2 Stars 1 Star Reviews (Cummulative Results) 4 Star DWGR Rating 39 24 5 11 7 86 Golf Advisor Total Recommend Overall 5 Stars 4 Stars 3 Stars 2 Stars 1 Star Reviews % (Cummulative Results) Firecliff 4.3 Star 55 30 11 5 2 103 89.8% Ratin. Mountain View 4.5 Star 67 38 4 0 3 112 95.5% Rating Kemper:S(x)tts ♦,0 * t. Awards Southland Golf Magazine I Golfweek's Best Municipal Course • #1 Best Golf Course I BEST OF • #1 Best Value 12015 • #1 Best Scenic View 12015 21i1S\ • #1 Best 18th Hole 12015 • #1 Best 19th Hole 12015 • #1 Best Bar View 12015 Golf Range Association of America I Top 50 Public Ranges GRAA • Top 50 12015 2015 TOP 50 PUBLIC RANGE Golfweek Magazine I Golfweek's Best Resort Courses • Top 200 12016 City of Palm Desert waw r • Awards Golfweek Magazine I Golfweek's Best Municipal Course • #29 - Firecliff Course 12014 orlik / 2 N'S 7 • #33 — Firecliff Course 12013 Mt M1I(IP4I(1)i.ISES :? Golf Digest Best Places to Play y�Q�jI,CEs?o • Mountain View 41/2 Stars 12000-2014 m1 2008/2009 44 • Firecliff 4 Stars 12000-2014 GolfDigest • Top 50 Courses for Women 12012, 2013 .<1,1E STARS Golf World Readers Choice I Top 50 Public Courses • Rated # 25 12010 TOP 50#- Pull.Ic GOMOrki READERS' CHOICE Desert Golf Magazine • Firecliff Rated #1 Public Course in the Coachella Valley 12012, 2013 City of Palm Desert Ads ♦ * Awards CV Weekly I.DBWEEKLY • Best Public Course 12014 BEST PUBLIC GOLF COURSE 2014 Desert Sun's: Best of the Valley • Voted 1st Place Public Course 12003-2006, 2008 • Voted 2nd Place Public Course 12010, 2011, 2012 • Voted 3rd Place Public Course 12013 Desert Golf Guide Top 100 Holes • #44 I Firecliff #17 • #58 I Mountain View #9 • #68 I Firecliff #6 • #76 I Mountain View #10 WeddingWire.com • Couples Choice Award 12015 COUPLES'CHOICE Awards 2015 City of Palm Desert Golf Course Management Evaluation Criteria • Compliance with City Policies/Operation Procedures • Customer Service Ratings • Care/Maintenance of Golf Facilities (Courses, Clubhouse, Infrastructure) • Financial Practices • Audit Performance • Compliance with City Business Plan, Goals, Objectives 0 KemperSports' 18 Discussion : Contract Extension vs. RFP Extension : RFP: • Retain institutional knowledge of Desert • Potential to reduce management fees Willow — systems, facilities and programs New perspectives on managing the facility • Knowledge/Compliance with City policies Potential to broaden market and procedures • Positive relationships with Desert Willow • Note: In the case where a Golf Course developments — Intrawest and Westin Operator is performing services • Reliable customer service performance satisfactorily, the issuance of an RFP may levels and product quality important to best serve the City at or near the potential developers expiration of the current contract. • Customer service performance remains at a high rating • KemperSports Management is compliant with non-compete clause (20 miles) • Avoids potential layoffs of existing staff (110) • Avoids lengthy RFP process (4-6 months) • Over 35 years experience in municipal golf club management • Financial performance meets/exceeds goal of City 0 KemperSports 19 2016 Desert Willow Golf Resort Summer Program Resident programs were discussed at the last two Desert Willow President's meetings-April and May. Specifically, suggestions made by Champion's Club members to increase summer play with round rate, clubhouse dining and, pro shop discounts. The Committee supported the implementation of the Summer VIP Program as sufficient and, for the following reasons: 1 . The VIP Card Program, at a minor cost of $49 for residents and $79 for non-residents, offers an accessible entry fee to cardholders plus the added discount benefits of: a. 7 day advance tee time security b. 1 hour earlier Twilight start time vs. public c. Summer League play each Wednesday d. 50% Off Driving Range fee e. 25% Off (non-sale) Apparel at Pro Shop f. 15% Off (non-sale) Accessories, Footwear, Gift Items g. 15% Off Golf Lessons/Schools h. 10% Off Restaurant Dining (food only) i. Valid April 11 -September 25,2016 2. The FireCliff Course will be under bunker renovation this summer with severely limited access or complete closure. 3. Rising labor costs continue to challenge operation costs. 4. Further reduced pricing did not meet with Committee concurrence as an incentive to increase play volume. 5. Additional discounts would jeopardize VIP Card sales. (Resident summer play would likely need to triple in volume to replace reduction in card sales)