WHAT IS THE PROJECT SIZE AND SCOPE?
PN25 addresses two large assets on the property. The sand traps and the putting surfaces. The idea is to hit this project head on and get what needs to get done as quickly as possible. The greens and their surrounds will be stripped of all the existing turf, and seeded to a modern variety of pure bentgrass. We will do 9 holes at a time starting with the closure of the front-9 in late August 2026. We will then follow the same process on the back-9 in late September 2026. The bunkers will be excavated, reshaped, and lined with a modern porous concrete liner product to reduce contamination and improve drainage.
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ARE WE GOING TO LOSE TWO SEASONS
Not even close. The only time the golf course will be fully closed is the month of October in 2026, and the month of May in 2027.
Let’s break down this project by month.
2026
2027
Mid-Aug 2026
ACCESS TO BACK 9 AND PRACTICE FACILITIES ONLY
Front 9 work begins: stripping and resurfacing green plus excavation and rebuild of bunkers
Early Oct 2026
WORK ON BACK 9 BEGINS, WHILE WORKS CONTINUE ON FRONT 9
Course closed approximately 4 weeks early. Access to practice facilities and clubhouse maintained.
Spring 2027
FRONT 9 READY FOR EARLY JUNE OPENING
Focus on completing back 9 and preparing new front 9 greens for opening
Early Summer 2027
PROJECT COMPLETE
All 18 holes open for member play
REDESIGNING BUNKERS AS PART OF THIS PROJECT?
We currently have over 120,000 square feet of bunkers. To put this number into perspective, the average private golf club in the GTA has, on average, around 70,000 square feet of bunkers. Why does this matter? Well bunkers are by far the most labour intensive and expensive part of the golf course. The Maintenance Department allocates more resources to the bunkers each year than any other area of the golf course. PN25 will give us an opportunity to evaluate the size, location and strategic relevance of every bunker on the property. The intent will be not to necessarily remove bunkers however there may be opportunities to relocate, resize, and possibly eliminate should a few bunkers be identified as unnecessary.
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WHY USE UP ALL THE CLUB'S CASH RESERVES
TO EMBARK ON A PROJECT OF THIS SIZE?
The Board and Management are keenly aware of the size and scope of a project this size. Using conservative forecasts for the project as well as responsible forecasts for membership growth, it is expected the Club will have over a million on the balance sheet following the project. This is aligned with the Club's financial philosophy target of maintaining a conservative financial position.
Project next 25 is a self funding project using the cash reserves on the balance sheet only. There will be no member assessment and no bank debt incurred to fund the project.
WILL TARIFFS THREATEN THE PROJECT?
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WILL THERE BE A DISCOUNT TO MY ANNUAL DUES IN 2026 AND 2027 TO OFFSET THE REDUCED ACCESS TO THE CLUB?
No. As detailed, the Project next 25 timeline expects full closure of the golf course in October of 2026, one month earlier than normal. The following year, weather dependent, we anticipate opening the front 9 one month later than normal. Annual dues cover the annual operating costs for the club. The Clubhouse, proshop, practice facility will remain open during those months. Our Course superintendent and his staff will require full complement to ready the golf course for full operations as swiftly and smoothly as possible. Every effort will be made by management to maintain service levels and control costs during this period.
DOES THIS MEAN WE HAVE TO LET IN MORE MEMBERS TO FUND THIS PROJECT?
No. The funding model for this capital project is sound and based on capital reserves collected over the years from new member entrance fees and, to a lesser extent, annual capital dues. Our membership philosophy remains unchanged where we look to replace attrition annually while responsibly building upon our senior membership count. The recent increase to initiation fees shows that the club is in a strong financial position and the product demands a higher price tag. We understand at Granite Golf Club our two most important assets are our course and our amazing access to the tee. PN25 will further enhance our course without impacting our industry best tee access for our members.
WHY ARE WE DOING THE BUNKERS AND GREENS BEFORE THE IRRIGATION SYSTEM?
Asset upgrades and replacements are prioritized based on two criteria. One, the importance and impact to the business and two, their performance and expected life span. At a single sport private golf club we are acutely aware of the high level our products are expected to perform at. When prioritizing capital spending, management, and the board looks to not only protect our existing assets but also, when possible, enhance said assets and the members’ experience. At any golf course the playing surfaces and the bunkers are high value assets and protecting and enhancing through responsible injections of capital ensure we maintain and elevate for current and future members. The irrigation system, although dated, is not at the end of its useful life, the greens and bunkers are. We do have a plan to replace the irrigation system in 2032-33 and the plan is to be able to replace this asset without the need for member assessment or bank loan.
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WHY START IN AUGUST? WOULDN’T IT BE BETTER TO SEED THE GREENS IN THE SPRING?
Seeding in August is actually the ideal time to maximize germination. Planting bentgrass in the spring is problematic since the delicate seedlings would be exposed to summer heat stunting progress and risking injury. By the beginning of August daily temperatures are starting to decrease maximizing progress and minimizing risks to the turf.
DOES THIS INCLUDE THE SHORT GAME ACADEMY?
Yes. The preliminary pricing of the project suggests that we will be able to resurface and renovate all of the putting surfaces and bunkers on the property within the allocated budget of 4-million dollars. The SGA will be the final phase of the project and will commence once the golf course is open in late early summer 2027.
WHAT CONTROLS ARE IN PLACE TO PROTECT AGAINST COST OVERRUNS?
Conservative preliminary estimates confidently price the project, in its entirety, at ~4-million dollars. Inflationary increases have been built into the budget along with a contingency plan to manage variables that will inevitably arise. The Board has committed to the membership that the project will be completed without utilizing bank debt or member assessment. Responsible oversight and cost management along with finite financial resources will protect against potential cost overruns during the completion of the project.
