Country Clubs - Industry Crisis?

Northland members receive an update each month on the club's financial situation courtesy of President Ken Buck's monthly report to the membership. As you have been reading, our club continues to perform admirably. It's a much different story for other country clubs across America,
Here's a link to a recent article in BusinessWeek that reports on the financial crisis many clubs are experiencing, and ways in which some of them are attempting to cope with declining membership and reduced revenues.