Colorado State Land Board

by Oct 4, 2024Golf Feasibility

Colorado State Land Board

by | Oct 4, 2024 | Golf Feasibility

Services: Financial Feasibility Location: Roggen, Colorado THK was retained by the Colorado State Land Board to assess the development potentials, financial projections, and recommended land lease structure for the two to six golf courses and supporting amenities for the proposed Dream Golf facility, Rodeo Dunes, near Roggen, Colorado. Dream Golf is the renowned developer of the Bandon Dunes resort complex in Oregon and Sand Valley golf resort in Wisconsin. This golf course market analysis ultimately derived the gross revenues and net operating income for the proposed golf facilities and allowed for an accurate estimation and appropriate lease rate for portions of the Colorado State Land Board properties that the proposed facility would be located on. Based on this research and analysis, THK recommended the operating characteristics for the first two Dream Golf courses at Rodeo Dunes along with ancillary services such as lodging rooms, food and beverage operations, and other revenue sources. It concluded with a physical examination of the impacted Colorado State Land Board properties and adjacent lands and a recommended lease structure for the Colorado State Land Board properties.

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