We are all aware of the economic climate the entire Nation is experiencing and even with that we were able to move forward at Granite Bay with capitol projects. Extension of the # 18 cartpath and continued bunker renovation were addressed on the course as well as the completely renovated fitness center at the clubhouse. Many clubs in the company had little to no capitol funds available in 2009.
Because of this economic climate and the performance of the company as a whole the remainder of bunker capitol funding for 2009 has been pushed into 2010. We only have three weeks left in our fiscal 2009 so Mitch is going to do what he can to get small incremental amounts of capitol released early in the year rather then the traditional springtime release. This means we can continue bunker renovation this winter, weather permitting, when we can throw more manpower at the project and really make progress. I’ll keep everyone informed.
|Spraying liner on left hand bunker #10|
|Greenside bunkers complete on #10|