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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]
Initiation fees for Dutchman's Pipe will range from $300,000 to $350,000, Witkoff said. ... The 250-acreBanyan Cay property used to be the site of the President Country Club, which fell into ...
Wayzata (/ w aɪ ˈ z ɛ t ə / wy-ZET-ə) is a city in Hennepin County, Minnesota, United States. The population was 4,434 at the 2020 census . [ 2 ] The city is about 12 miles (19 kilometres) west of Minneapolis and is situated on the northern shore of Lake Minnetonka , the ninth largest lake in the state.
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.
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]
The Seattle Golf Club was incorporated August 8, 1900 with the intention to build a proper course. [11] From the outset, it was an elite organization. The initial US$50 initiation fee and US$30 annual dues were among the highest in western North America at the time. [12] The club's initial president was judge Thomas Burke. [13]
Algonquin is a private club. The Club’s membership has included golfers Jimmy Jackson, Sara Guth Costigan, Barbara Berkmeyer, and Eddie Held. Members of the Busch, Anheuser, and Griesedieck families have also been members. As of 2021, the approximate initiation fee was $55,000 with annual dues of $9,000.
Burning Tree Club is a private, all-male golf club in Bethesda, Maryland. The course at Burning Tree has been played by numerous presidents, foreign dignitaries, high-ranking executive officials, members of Congress, and military leaders. The course was designed by architect C.H. Alison. The club has a strict policy forbidding women to enter ...