You Just Won The Lottery

[Gravitykillr]

I think I'd probably start off by paying off my parents house, buy them both a nice car, buy myself a nice house nothing fancy but something nice, maybe a nice car or 2 one for the wife, then I'd look into investing in a golf course, or just straight buying one, this city is huge on golf right now. I'd probably set myself up to loose money for a year on it by giving a one year super reduced rate on it, ya know something like $18 for 18, $10 for a cart, no discounts for anyone except Cper's. That'd be a nice start hopefully I wouldn't be totally broke after that

[Looger]

Gravitykillr,

i think i read somewhere golf courses are ~$10M to make and pay off the initial investment in 20 years, in a typical situation, average etc.

but if you dumped $10M into the course, scraped by off the remaining $3.2M, and planned a 30-year payoff just to lower the green fees etc., maybe that could work.

the city courses, like shaganappi, do they make any money?

[Gravitykillr]

Originally posted by Looger@Mar 6 2005, 12:48 AM
Gravitykillr,

i think i read somewhere golf courses are ~$10M to make and pay off the initial investment in 20 years, in a typical situation, average etc.

but if you dumped $10M into the course, scraped by off the remaining $3.2M, and planned a 30-year payoff just to lower the green fees etc., maybe that could work.

the city courses, like shaganappi, do they make any money?

each year they raise the rate so I'm sure they make some money maybe not a ton but enough. I'd look into making money back with advertising, sell the flag to advertisers, benchs, let them put decals on the carts, anything to keep the price down for the first year then slowly raise it to proper pricing after that, a couple of bucks a year or something like that

[Sylvanfan]

Originally posted by Gravitykillr+Mar 6 2005, 07:46 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (Gravitykillr @ Mar 6 2005, 07:46 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Looger@Mar 6 2005, 12:48 AM
Gravitykillr,

i think i read somewhere golf courses are ~$10M to make and pay off the initial investment in 20 years, in a typical situation, average etc.

but if you dumped $10M into the course, scraped by off the remaining $3.2M, and planned a 30-year payoff just to lower the green fees etc., maybe that could work.

the city courses, like shaganappi, do they make any money?

each year they raise the rate so I'm sure they make some money maybe not a ton but enough. I'd look into making money back with advertising, sell the flag to advertisers, benchs, let them put decals on the carts, anything to keep the price down for the first year then slowly raise it to proper pricing after that, a couple of bucks a year or something like that [/b][/quote]
To make money operating a golf course you need to buy one somewhere that the golf season is longer than 5-6 months. Thats a huge bogey for Alberta golf courses compared to ones in say B.C. By having a longer golf season you get to keep the course in better shape year round allowing you to keep rates higher, and have more season to generate revenues. The amount of work required to get a course into playing shape, than prepping it for winter coupled with a short season to generate revenues makes it hard to keep the course in good shape to justify high green fees/membership rates, and generate enough revenue to offset the costs for the 6 months you can't.

[Inferno]

What I would do:

- Pay off my student loan
- Pay off any bills my parents have.
- Go to the best game art school in Canada or take one of the American courses online.
- Buy me a car and house with all the stuff I would want in my dream house.
- Get a cabin built for my parents out at the lake(My mom has always wanted to have a place there) or buy them a new house if they wanted.
- Travel to historical places like Rome and Normandy.
- Give some to my parents and sister
- Bank the rest for future use.

[Superfraggle]

in continuing the trend of saying what I would do rather than answer the original question...

Give my parents pretty much as much as they want. If they choose to continue working, it will be because they WANT to.

Put aside enough to buy their house if they decide to move out

Give a bunch to my sister, and set up a trust fund sort of thing for my brother (so he doesn't blow it all in his youthful enthusiasm. B-) )

Buy a car...nothing too fancy. Functionality is the key....maybe a car and a truck...there are times they're each better.

Give a bunch to the YMCA Partners with Youth charity.

Give $1 mill to the Y camp I work as well.

Buy a little house in Calgary to live in while I finish off my degree.

This should all run me to around...$7 million max, I'm guesstimating.

Seasons tickets to the Flames for me and a few good friends who're also big fans.

Some to friends who need it.

$5 millionish to invest and live off the interest for.

Aside from all that, go bum around the world whenever I get the urge, and buy a lot of the the outdoor gear I've been wanting (i.e. tent, canoe, bivvy sac, water filter, climbing harness, ropes, etc.)

[kermitology]

First thing.. buy a new car, maybe rebuild something sweet like a Shelby Mustang or something..

Second.. buy about 4 guitars, Gibson SG, Les Paul, PRS, and maybe an Ibanez..

Third.. Build a recording studio and fill it with all required top of the line equipment, then go out and find some talent to record in it..

Fourth.. Get my parents set up in a nice place in Victoria with a big yard for my dad to sculpt..

Fifth.. Get some good investments going and find enough money to buy into the Flames..

Sixth.. Buy my grandparents place on West Ipperwash Beach and ensure that it stays in my family forever..

[I-Hate-Hulse]

Originally posted by fredr123@Mar 5 2005, 06:34 PM
Didn't occur to me to buy a suite at the Dome. For some strange reason I've always wanted to own a piece of a professional sports franchise. Wonder what kind of share you could get in the Flames or Stamps for $13.2M?

Not much... given the Flames ownership group with guys like Markin, Riddell and Edwards $13.2m gets you an invite to the Roughnecks ownership meeting....

OTOH, grabbing a piece of the Oilers should be a lot easier given their wacky ownership profile. $13.2 might even make you a shooter amongst the ownership group there. :P

[JBR]

10 things I would do

10) Hire an agent who guarantees a 10% increase on my next lottery winning, and introduces changes to the lottery system that sees the lottery commission be forced to lockout it's winners who can't "afford" to live off their mega-millions.

9) Hire Rupert from Survivor to a personal services contract to scare and bully the neighborhood kids.

8) Purchase the Winnipeg Blue Bombers and rename them Glenny and the Gimps.

7) Hire Van Halen to play my birthday party.

6) Purchase ad-space on TSN to have them televise FTC3

5) Send weekly cheque to Mike Modano so his dog doesn't starve.

4) Play a round of golf at St. Andrews, Pebble Beach and Doral... with Bill Murray and Alice Cooper.

3) Grow a tail on my bosses' desk. Doesn't cost anything but would be fun!

2) Rent the Province of Saskatchewan and kick everyone out.

1) Hire someone to type in my CP posts from dictation.

[TheCommodoreAfro]

Erm,
How about a big donation to CP?

And a bottle of 40 year old scotch to kick it off with.

[4X4]

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