The VOL. 9, NO. 6 June 2018 GOLF COURSE OPERATIONS 2 Course closures - some perspective from Pellucid By Stuart Lindsay GOLF COURSE OPERATIONS 5 CapEx: The looming monster under the bed for munis By Jim Koppenhaver GOLF COURSE DEVELOPMENT 7 Courses turning unused land into cash cow By Jim Dunlap INDUSTRY SCORECARD 9 May golf weather impact: We Finally Catch a Break MARKET FOCUS 12 Cleveland market challenged, but not like Cavs THE LAST WORD 15 Enough of Shinnecock Hills, already! www.PellucidCorp.com By Jim Dunlap The Pellucid PersPecTive 1http://www.PellucidcorP.com