Hartford Business Journal

12 HARTFORDBUSINESS.COM | DECEMBER 11, 2023 Howie Friday, the golf pro at Stanley Golf Course in New Britain. HBJ PHOTO | STEVE LASCHEVER Out Of The Rough? As 3 CT golf courses go up for sale, advocates say slide in course numbers is slowing since Tiger Woods drove interest in the game in 2000, he said. Golf professionals in Connecticut have worked hard to make courses more welcoming to a broader demographic and foster youth involvement, Hantke said. Nationally, since 2019, the number of 16- and 17-year-old active golfers has increased by 40%, or 1 million players, Hantke said. The number of minority golfers is up by 1.3 million people during the same period, a 28% increase. And female participation is up 23%, he said. "COVID certainly jump-started" interest in the sport, said Howie Friday, the golf pro at New Britain's 27-hole Stanley Golf Course. "It was the one thing people could do. They had a lot of time on their hands. So, we saw lapsed golfers come back into the game. We saw people trying it for the first time." Friday noted that increased work schedule flexibility, including the broader embrace of remote work, also helped fuel a rise in golf rounds. During the peak summer season, Stanley Golf Course averages about 400 daily rounds. This year, there were a couple days with more than 500 rounds played, which, Friday joked, "we thought was mythical." Return on investment Despite increased interest in the game, the U.S. is projected to lose 100 golf courses in 2023. On the bright side, that's the smallest decline since 2005, Hantke said. The steepest loss came in 2019, when 280 U.S. courses were shut- tered, he said. By Michael Puffer mpuffer@hartfordbusiness.com W hile many golfers have put away their clubs for the cold winter season, activity on some Connecticut courses is heating up on the real estate front. At least three courses have been put up for sale in recent months, raising the possibility they join a long list of U.S. golf courses that have gone offline over the past 15 years. Golf advocates and professionals are hopeful whoever buys the privately run courses in Torrington, East Granby and New Milford will use them to tap into a resurgent interest in the game following the pandemic. "I think we have reached the bottom of the trough of oversupply (of golf courses), making these courses a very viable business activity once again," said Allen DePuy, a vice president with real estate services firm Colliers International. DePuy specializes in golf properties and is part of a team marketing the 18-hole Candlewood Valley Country Club in New Milford and nine-hole Copper Hill Golf Club in East Granby. Both sit on potentially valuable redevelopment land. Candlewood, with 157.5 acres, is being marketed as a "turnkey" course and golf shop with a popular pub and banquet space. The Colliers listing also notes zoning allows for other business uses on the property, including kennels, offices, ware- housing and manufacturing. The East Granby course is being offered as a "historically strong cash- flowing" property with a bar and grill. The course sits in a zoning district that could allow for single- family homes, agriculture, a school, day-care center, church, hospital or nursing home, according to its listing. In Torrington, Executive Real Estate is offering the 50.6-acre East- wood Country Club — along with an adjacent, undeveloped 46-acre parcel — for $4.3 million. Executive's listing says the prop- erty offers a "grand-scale" rede- velopment opportunity that could blend recreation and residential, or commercial development. Resurgent interest The supply of U.S. golf courses has taken two major dips in the past century: first during the Great Depression, and then leading into and following the housing market meltdown of 2008, according to the National Golf Foundation. It took an economic boom following the end of World War II to reverse preceding declines in course numbers. Golf experts and advocates say the latest decline in courses is slowing thanks to a resurgent interest in the game sparked by the COVID-19 pandemic, which caused a recre- ation-starved public to turn to an outdoor pastime that conformed with social distancing mandates. The National Golf Foundation predicted the number of active golfers in 2023 would increase by 3%, up to 26.4 million players, said Thomas E. Hantke, executive director and CEO of the Connecticut Section of the PGA. That's the largest increase CT GOLF COURSES FOR SALE Copper Hill Golf Course: 20 Copper Hill Road, East Granby; nine-hole, 83.2-acre course Candlewood Valley Country Club: 401 Danbury Road, New Milford; 18 holes, 157.5 acres Eastwood Country Club and Golf Course: 1301 Torringford West St., Torrington; nine-hole, 50.6-acre course with adjacent, undeveloped 46-acre lot Allen DePuy Thomas Hantke

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