Investments

Bank Of America Investment Middlesex County's three golf courses lost more than $800,000 in revenue this year because of the extraordinarily wet weather that drenched the area and kept golfers off the greens.

Guests of Cape Cod cottages will find 27 public and 15 private golf courses on Cape Cod, most situated west of Brewster. Golf magazine has rated Cape Cod as one of the top spots in the country for good public courses, and Cape Cod golf courses offer a variety of terrain, including spectacular waterfront layouts, championship courses, and rugged links. round. Be sure to inquire about booking tee times in advance during high season.

Investment Opportunity The dismal financial report was included in the budget summary presented by Richard Pucci to the Middlesex County Improvement Authority, which owns and operates the courses.

Waterville golf course is a 15 minute drive as well as the Kenmare golf course ( 45 minutes) and Killarney golf course (1 hour 15 minutes).

Banc Of America Investment Pucci, the authority's executive director, said the 2003 season was the worst on record for the three courses, which include Tamarack in East Brunswick, the Meadows in Plainsboro and Raritan Landing in Piscataway. "Golf is one of those things that you never get back," he said.

Golf Safari s to anyone of the five nearby golf courses e.g.: Kruger Park golf course, Pine Lake Inn golf course, Sabi River Sun golf course, Greenway Woods.

Banking Investment Rain forced the courses to close on 109 days, Pucci said. Records kept by the National Weather Service attest to the above-normal rainfall. Meteorologist Tim Morrin said rainfall across Middlesex County exceeded the norm by 7.85 inches last summer, and last June ranked as the wettest on record.

COLUMBUS (OHIO) COLUMBUS (OHIO) In addition to about 35 private courses, mile radius of Columbus, Ohio. Although the winters shorten the golfing season, rated courses. EagleSticks Championship 18 hole course was rated by Golf Digest 1 public course in the State of Ohio. The Robert Trent Jones Champions Course has been consistently rated by Business First Magazine as Central Ohio's most challenging public course because of the layout of hilly terrain, full grown trees, rolling fairways, numerous doglegs, and undulating greens. Echo Springs, Mental Memorial, Minerva Lake, and Table Rock.

Investment Solution Strategic The budget summary showed registrations were down $105,000, greens fees dropped $530,000 and revenues from cart rental were $175,000 lower than expected.

Le Golf National, is more a golfing complex than a golf club located just outside of Paris very close to the royal town of Versailles and its famous castle.L'Albatros is the showpiece of the Golf National. Ranked 4th amongst European courses by British golf magazine Golf World, this championship golf stadium layout is the venue of the French Open, the oldest European professional tournament established in 1906.This championship facility is complemented by L'Aigle (Eagle) 18 hole classical course and L'Oiselet (Sparrow) course, hole course, put course and full practice facilities.

Investment Banking Services The losses followed a boom in 2002, when unseasonably warm weather extended the golf season and created a landslide business at the three courses.

Bank Investment Pucci said the authority is covering the loss with surplus funds.

Alternative Investment Golf accounts for only a portion of the authority's operation. The agency is responsible for the county recycling program. It also has broad financial powers and helps finance many county and local projects primarily through the sale of taxpayer-guaranteed bonds.

Online Investment Services For nearly a decade, the authority also has owned and operated Roosevelt Care Center, the county nursing home overlooking Roosevelt Park in Edison.

Accompany Essential Investment Pucci proposed a $51.4 million budget for the authority for 2004. The budget is a 1.6 percent increase over this year.

Investment Company The proposal showed Middlesex County will continue to subsidize Roosevelt Care Center. The county will give $7.75 million to the nursing home, which houses about 350 elderly and disabled residents. The facility also relies upon Medicare and Medicaid reimbursements to run the operation.

Investment Management Solution Next fall, Middlesex County expects to open a new state-of-the-art nursing home to replace Roosevelt. The 180-bed facility is under construction off Parsonage Road across from the existing care center. Once the new construction is completed, the county will begin a renovation of the old Roosevelt.

Investment Management Services By Diane C. Walsh
Star-Ledger - 11/14/2003

Topic: Sprawl

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