Home Add to Favorite Contact Submit  
           22 October, 2020

Category:  Press » Recreation & Sports


Carolina Trail courses mostly out of the economic rough

         Views: 2174
2010-04-05 06:16:15     
Katie Bridger

Though Jeff Silverstein, chairman of the IRI Golf Group, thinks the toughest days may still be ahead for the economy-rattled golf industry, the seven Charlotte-area courses his company operates are looking at better days.

Silverstein's company owns and operates the Carolina Trail courses including Birkdale Golf Club, Charlotte Golf Links, The Divide Golf Club, The Tradition Golf Club, Highland Creek Golf Club, Skybrook Golf Club and Waterford Golf Club, among the most popular daily-fee courses in the region.

After struggling with the difficult economy and serious debt issues, IRI announced this weekend it has recapitalized and modified its debt agreement with Textron Financial, allowing for an aggressive upgrading program.

"We were having significant issues," Silverstein said. "This gives us capital we can put back into the operation to recapture the momentum we had when we started the Carolina Trail."

Silverstein called the past 18 months "devastating" for the golf industry, which has been forced to deal with a glut of courses and the recession, which has led to a decline in revenue. Throw in a difficult winter throughout the south, and Silverstein said his company has seen a 30 percent decline in revenue.

With new money available, Silverstein said projects are already underway to enhance area courses. Everything is being evaluated, he said. Bunkers will be improved, mowing patterns will be adjusted, facilities are being painted, course maintenance is being upgraded and employee interaction with customers will be emphasized.

"We're starting over," Silverstein said. "I think people will see a general improvement in quality. We had to cut back to try to survive."

IRI Golf operates 20 courses across the country and has headquarters in Charlotte and San Diego. Silverstein said the growing emphasis in the Carolinas may lead to an expanded headquarters in Charlotte.

With seven Charlotte-area courses, Silverstein said the plan is to structure them at different price points. Birkdale, for example, will be a higher-priced course than some others with a price point around $65.

Silverstein said he's also interested in revitalizing Charlotte Golf Links, one of the early designs by Tom Doak, now one of the world's most prominent designers.

"We think we can take (Charlotte Golf Links) to the next level," Silverstein said.

Specialized in: Golf Management - Golf Course Management - Management Company - Golf Management Companies - Golf Course Management Company - Golf Course Management Companies - Golf Course Consulting - Golf Consulting - Golf Club Operations - Golf Operations - Golf Course Marketing - Golf Marketing - Professional Golf Services - Golf Services - Professional Golf Management - Golf Course Development - Municipal Golf Course Management - Municipal Golf Management - Daily Fee Golf
URL: http://www.irigolfgroup.com
Print press release      Bookmark this page
Related Press releases 
Betwala Announces Kevin Pietersen’s Spartan Sorai Rhino Cricket Bat Giveaway! (Popularity: ): India, Asia, August 9, 2019--Betwala Indian News cricket site announces its Spartan Sorai Rhino Cricket Bat Giveaway for cricket fans!The Spartan Sorai Rhino cricket bat is designed in collaboration with former England cricketer Kevin Pietersen. The bat is made from Grade 3 English Willow which makes it durable and shock-resistant. Sorai Rhino has a mid-profile blade, with a full-bodied traditional spine suitable for players who like to do power hitting. ...
Nike Soccer Camp at Elmhurst College Named North America's Top 60 Summer Camps of 2017 (Popularity: ): San Rafael, CA - July 14, 2017 -- FlightNetwork has chosen US Sports Camps' Nike Soccer Camp at Elmhurst College after a a long period of analysis and investigation.Nike Soccer Camp at Elmhust College in Illinois is entering its fifteenth summer, dating back to 2002. Camp Director Dave Di Tomasso and his staff create a learning environment for soccer players of any level that focuses entirely on development.According to FlightNetwork’s ...
Jerry Schumacher Named FloTrack American Distance Coach of the Year (Popularity: ): Austin, TX - December 29, 2016 -- Today, FloSports, a leading direct-to-consumer sports media company, announced Jerry Schumacher is the recipient of the inaugural FloTrack American Distance Coach of the Year award, presented by T-Mobile. Along with the honor, Schumacher will receive a $10,000 cash award to support his continued dedication to distance running.Schumacher is the head coach of the Bowerman Track Club in Portland, Ore. Since the Club’s opening ...
FanRag Sports Hires College Basketball Insider Jon Rothstein (Popularity: ): Phoenix, Arizona - October 01, 2016 -- FanRag Sports (NAFSTROPS Media LLC) has announced the hiring of CBS Sports college basketball insider Jon Rothstein to the staff.Rothstein, who has spent nearly 15 years covering college basketball, will provide written content on FanRag’s college site, TodaysU.com. He will continue to appear on CBS studio shows and game broadcasts across the CBS network. His “College Hoops Today” podcast will continue on Compass ...
Extra Innings Launches Video Competition for Local Sports Enthusiasts (Popularity: ): Extra Innings is offering local sports enthusiasts a chance to try their hand at creating a commercial video for the company with the launch of a video competition.Middleton, MA (USA), Thursday - April 05, 2012 -- Extra Innings, the indoor baseball and softball training facility based in Middleton, Mass., is offering local sports enthusiasts a chance to try their hand at creating a commercial video for the company with the ...

Press release home snapshot 

Related Business 
North Carolina Golf Trail (Popularity: ): Statewide site devoted to the top golf courses that welcome public play. Complete data on over 125 golf courses with live links to individual course websites.
Indian Trail NC Real Estate (Popularity: ): We specialize in Indian Trail NC real estate and it's what we're all about! We work 7 days a week showing Indian Trail NC real estate to interested buyers and have assisted hundreds of people from all over the country move to Indian Trail North Carolina.
Inca Trail Information (Popularity: ): You will find useful and precise information and Inca Trail latest news, inca trail main operator's Inca Trail prices, Inca Trail qualified guides, and everything you need to know on making a safe booking to the this fascinating pilgramage destiny (Inca Trail To Machu picchu) and one of the most enigmatic in the world.(Inca trail tour,Inca Trail Trek,Inca Trail Peru,Inca Trail booking,Inca trail Prices,Reservations,Maps and more).
Southern Highroads Trail (Popularity: ): A designated scenic highway going through Georgia, Tennessee, North Carolina and South Carolina. Official tourism site.
Fish the Fall Tournament Trail (Popularity: ): South Carolina trail fishing Lakes Keowee, Hartwell, Thurmond and Murray. Culminates into a shoot out style fish off.
Rail and Trail Horse Show Series (Popularity: ): Open Western and English horse show located in Vista, California. Offering obstacle courses, pattern courses in trail and rail classes. Divisions include Walk/Trot/Canter, Lead Line, In-Hand and Jumping.
Sports in the Rough (Popularity: ): Provide organized 4x4 and ATV trail rides and competitive events throughout the US and Canada. Event information and pictures.
Harnett County North Carolina Economic Development Commission (Popularity: ): Economic development data and property listings for Harnett County North Carolina.
Marion County Economic Development Commission (Popularity: ): economic development + south carolina sites and buildings, incentives, industrial parks, teamsc, pee dee region demographics
Progress Energy (Popularity: ): Generates and supplies electricity and natural gas to businesses and industries in North Carolina, South Carolina and Florida. Distribution is through their key subsidiaries which are utility companies. Corporate overview, news, and economic development.