Gentlemen – They DID lower the golf club membership fees by well OVER 50%. The golf club fee was apx $120k at one time…now it is $43k. And yes, it did bring a lot of fence sitters into the club….and tick off many golf members given that it is an 80% equity club. Not to mention that it is a 4 in, 1 out rule until they reach their cap around 425+/-.