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>Nearly 1,500 golf courses or country clubs have closed in the United States since 2014, according to research firm IBISWorld, but transforming those properties into development projects hasn’t always proven as easy as developers would like.
>golf course redevelopment means the potential of thousands of homes, billions of dollars in investment, and the ability to start from the ground up on relatively untouched land.
>But these projects often take years of cutting through red tape and for every project that is successful, 10 more never cross the finish line, victims of what he sees primarily as a mixture of zoning hurdles and opposition from neighbors.
>While there are a number of hurdles for such projects, land-use regulations frequently pose a significant challenge.
>Those obstacles can include contractual obligations put in place when a golf course was first developed to ensure the property cannot be used for anything else or conservation easements, Block said.
>Ultimately, though, golf courses are a poor use of a lot of land, Block said, as they absorb a lot of resources while only catering to a relatively small, and exclusive, group of people.
>But the emphasis on housing affordability and supply comes after a pandemic that sent the housing market into overdrive, with the median sold price nationally rising from $322,600 in the second quarter of 2020 to $479,500 by the end of 2022. Since then, it's dropped down to $416,100, but still far higher than historically.
Find it weird nobody even considered this free real estate until recently. Might happen more due to the fact of the housing crisis happening all over the country now.