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Remember that famous Groucho Marx line (quoted by Woody Allen in Annie Hall) about how he’d never join the kind of club that would have him as a member? That

Jul 31, 2020
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Remember that famous Groucho Marx line(quoted by Woody Allen in “Annie Hall”) about how he’d never join the kind of club that would have him as a member? That could become a real-life dilemma for some, as country clubs squeezed by the economic crisis begin opening their doors to the public for the first time, the Washington Post reports.
As one member of a Uniontown, Pa. club put it, referring to the dining room serving up a $7.95 nachos special instead of the usual $30 filet mignon: “We’ve gone from chichi to Chi Chi’s.”
The same shift is affecting country clubs everywhere, including in the Washington region, where some have cut initiation fees, others have eliminated them and a private Ashburn club opened to the public just last week. The National Golf Foundation has identified more than 500 clubs at serious risk of closing, and a recent survey of club managers showed that twice as many members resigned during the past 12 months than during a typical year.
There’s got to be another “Caddyshack” sequel in here somewhere.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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