6 MillionLess players than a

decade ago.

<2.0%Industry-wide

average net profit

margin.

↓ 20%Participation

among active

players.

1,400+Courses recently

closed nationwide.

6.4%% of courses in

Florida. More than

any state.

40+Courses recently

closed in South

Florida.

THE GOLF INDUSTRY

PALM BEACH

BROWARD

DADE

GOLF COURSE CLOSURES

Step 1:

Data

Gathering

Step 2:

Planning

& Design

Step 3:

Concept

Intro

Step 4:

Plan

Approvals

Step 5:

Execute

Plan

OUR APPROACH

Luxury, for-sale housing.

No apartments or commercial.

Permanently preserves over

87 acres of open space.

Native landscaping within open spaces and

increased tree canopy.

Remediates environmental impacts from

years of chemical use

on golf course.

Removes uncertainty. Neighboring home values outperform the market.

0%

-50%

-100%

50%

100%

150%

-67%-54%

158%

78%

55%

29%

‘06-’11 ‘11-’17 ‘14-’17

Homes Adjacent to Former Course City (Zip)

Years:

Significant financial

resources for improved local

services and economy.

CURRENT: $26,000 annual tax contribution

PROPOSED:~$2.8MM annual tax and recurring revenue

~$10.9MM in upfront impact fees

Area Parks

Local Govn’t

Local Merchants

Emergency Services

Local Schools

Public Art

Infra-structure

Local Events

A vision that works for Royal

Palm Beach.

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