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While the club had once offered a membership discount to members of Congress, this had been discontinued in the 1970s, and the club's high initiation fees (then over $100,000) and long waiting list dissuaded most from joining. [9] By 2011, it was said that zero members of Congress numbered amongst its members.
The course was designed by Los Angeles-based golf architect William Watson. The club began with 40 members and the first golf ball was hit on June 17, 1923, by then president of the club, Dr. Arthur Albright. [4] [5] The original members paid an initiation fee of $50 (equivalent to $894 in 2023), and monthly dues of $2.75, (equivalent to $49 in ...
In the 1950s, oil was discovered on Hillcrest's land, and the club decided to permit drilling. [3] [4] Members who had shares in the club collect tax-sheltered dividends on their original initiation fees, and "B.O." (for "before oil") memberships became so valuable that they were willed from father to son. [5]
Between the club initiation fee and the community initiation fee, Oldfield’s initiation fee is $50,000. It nearly doubled — up 78% — from 2022, when it was $28,000.
Initiation fee is $65,000, and annual dues is $14,500, but Celano said those costs will increase incrementally. ... He worked at East Hampton Golf Club in East Hampton, New York, for 24 years. ...
New owners of the former Banyan Cay Resort are creating an exclusive golf club for wealthy nearby residents in Palm Beach, West Palm Beach ... Initiation fees for Dutchman's Pipe will range from ...
Before the 2008 recession, initiation fees were $100,000 to $150,000. As of late 2015, initiation fees were down to $50,000. Around that time, many new members were reportedly not charged an initiation fee or were no longer required by the club to fully pay it within five years. Annual dues were $19,400 a year. [41]
SportsCasting reported in 2021 that the initiation fee is in the ballpark of $40,000 — cheap by the standards of world-class golf clubs. Pine Valley Golf Club Location: Pine Valley, New Jersey
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