The Southmoor Golf Club in Burton, Michigan wants to sell some of its property to a company that would build a “large-scale, multi-million dollar medical marijuana facility.” So, that’s one way to diversify your revenue streams as a golf club in 2018.
It’s no secret that golf courses in this era are struggling, and the owners of Southmoor have felt the burden of that for a while now. Here’s MLive on the proposal.
Planning commission members voted 5-2 on Jan. 9 to allow the business to change 37 acres of the roughly 95-acre grounds from general commercial to light industrial, which could clear the way for a commercial medical marijuana site, including multiple grow houses, processing center and a biomass power plant.
David Boji, one of the golf club’s owners, told commissioners the golf course has been losing money for several years and he and his father, Wilson, have been searching for other potential developments on the grounds.
The marijuana project would run close to $60 million and could employ hundreds of people, according to the report.
With the decline in casual golfers over the last few years, it’s easy to make the case that the ones that have fallen away are the ones that weren’t extremely serious about the game to begin with. The ones with more hurdles to clear like, say, playing in cold temperatures similar to what Michigan offers.
It will be interesting to see what other owners of small clubs like this do in the coming years. They have a very valuable commodity (property) that is being used for a service that is seemingly declining in value or not as fruitful as it could be when used for something like marijuana. Will they sell land to subsidize the golf? Will