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Closure of Royal Golf Club Signals Tough Times for Vancouver Island’s Golf Industry
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(Posted on Feb 13, 2017 at 02:00PM by Michelle Bogle)
Another Vancouver Island golf club has closed its doors for good. The Royal Oak Golf Club, located near Saanich Commonwealth Place, recently informed its members of its closure by email, citing tough times within the local golf industry.
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This is not the first time that the Royal Golf Club has struggled to remain open. Last February, the golf course distributed a memorandum to operations staff regarding a possible closure. Â
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With the closure of the 27-acre nine-hole course, which has been in operation since the mid-20th century, the Royal Golf Club is the second Victoria-area golf club to succumb to declining membership rates and rising operational costs. In 2015, Prospect Lake Golf Course, also in Saanich, closed after 41 years in business.
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At this point in time, plans for the Royal Oak property remain unknown; however, the owners are expected to discuss potential land uses with the District of Saanich.
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For more insight into the state of Vancouver Island’s waning golf industry, please contact Marcus & Millichap’s Vancouver office to speak with a commercial real estate advisor.
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