Heritage not opening this year

[Marcos]

Herd a rumour this morning that Heritage is not going to open this year. Seems like they have declared bankruptcy or the bank has called in their loan. Anyone confirm this?

[Kilroy]

I got the papers today. Heritage is indeed bankrupt

[Johnyc]

The only thing surprising, imo, is that more clubs haven't fallen into this same hole. The saturation of golf in the Ottawa area is incredible. Unless you are willing to cut corners and sacrifice conditions, few courses are likely making much, if any, money right now. And those cutting corners are risking losing their clientele. I tip my hat to those who are holding on and investing in this great game. I hope weather cooperates and all enjoy a banner year.

[Kilroy]

There are always a few victims in the supply and demand chain. Heritage was a great track with some spectacular holes. It will be missed.

[Johnyc]

There are always a few victims in the supply and demand chain. Heritage was a great track with some spectacular holes. It will be missed.

Agreed. Just doesn't seem like there have been many in the Ottawa area over the last 10 years. Unless of course I've missed a bunch.

[1800Duffers]

Too bad, I golfed there every fall with a large group.

[big mac]

I have always wondered how they could stay in business--location and lack of professionalism to clientele. Sorry everyone---their across the board pricing did not reflect their service. The course DOES have some great holes but today it is the overall appeal that brings the customer. I stopped playing there when their ownership referred to nearby courses as second rate and "mickey mouse". Well--- they are still open. Someone will probably take over and manage it--we will see.

[Chieflongtee]

They are to reopen and will be managed by the same group that runs Cascades and Tecumseh

[Marcos]

They are to reopen and will be managed by the same group that runs Cascades and Tecumseh

Yep, you are right André.

[Shortswing]

http://www.lapresse.ca/le-droit/spor...-est-sauve.php

[retired]

http://www.lapresse.ca/le-droit/spor...-est-sauve.php

This is good news

[stevek]

A bank may call in a course's debts but the main asset is still the course. To develop the land into residential requires a lot of money and many city approvals, not likely to happen in the short term. It's in the banks interest to try to have the course operate at least in the short term. It'll likely be run cheaply, however.