“RUSSIA, GOLF’S NEW FRONTIER?” (June 8, 2014)
Thus The Wall Street Journal today. “More tycoons are launching beautiful golf courses in Russia,” explains the newspaper. “Now they need some players.” Players are no problem, I am sure. With proper coaching, there will be millions of them in just a few years. But the country strikes me as just right for the posh sport. There is plenty of undeveloped land, and much of it is in the hands of the state. From top to bottom, the government is quite welcoming to corruption and organized crime. These are ideal conditions for real estate scams of all sorts, including plenty of voluptuous apartments and villas for eager players. And the intrepid golf developers know exactly what they are doing after so many years of first-hand experience in the Caribbean, Spain, Croatia, and many other places visited by the real estate boom in the first decade of the third millennium. Add climate change, which will make Russia ever more comfortable in not so distant future, and you have a winning combination. Russia, golf’s last frontier!