Capital improvements

In 2023 , Maine golf facilities invested nearly $ 18 million in capital improvements for facility enhancements , including renovations to greens , fairways , bunkers , infrastructure , and structures , as well as purchase of equipment . Large-scale capital projects were limited in number but included the ongoing $ 60MM + multi-year enhancement of Boothbay Harbor Country Club , which continued with the opening of a new spa ($ 3.0MM in 2023 ) 5 .

NGF research found that 47 % of Maine golf facilities began or continued capital projects in 2023 ( defined as new construction or major renovation to the course and / or related facilities ) that were not funded directly from operating expenses .

ECONOMIC IMPACT ESTIMATE CALCULATION

Presque Isle Country Club - Hole 17 coverage

9-Hole Courses 68 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680,000 18H Pub ( V / S ) 23 $ 950,000 $ 1,820,000 $ 0 $ 2,620,000 $ 900,000 $ 700,000 18H Pub ( Pre ) 27 $ 890,000 $ 2,200,000 $ 10 $ 430 ,, 000 $ 440,000 $ 50,000 Pub 27 + 2 $ 280,000 $ 80,000 $ 0 $ 350,000 $ 0 $ 0 18H Prvt 8 $ 1,540,000 $ 610,000 $ 3,000,000 $ 0 $ 480,000 $ 0 27 + Prvt 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total 128 $ 3,660,000 $ 4,710,000 $ 3,000,000 $ 3,400,000 $ 1,820,000 $ 1,430,000

** Boothbay Harbor CC continued ongoing $ 60MM + multi-year enhancement with opening a new spa ($ 3.0M in 2023 ) V = Value , S = Standard , Pre = Premium .

5 https :// www . boothbayregister . com / article / luxurious-new-spa-giselaine-s-spa-opens-award-winning-boothbay-harbor-country-club

The Contributions of Golf to the State of Maine | 2023 Impact Report 18