Economic Impact of Developing Glen Abbey Golf Course

By: Loretta Phinney Team

Economic Impact of Developing Glen Abbey Golf Course

Tags: Oakville Real Estate, Glen Abbey Golf Course, Glen Abbey Development

Could Glen Abbey be good for Oakville economically? A lot of Oakville residents are opposed to the development of Glen Abbey Golf Course and would rather have the space be preserved as the iconic Golf Course that hosts the Canadian Open.
 
Oakville commissioned an economic analysis that compared the current golf course to the proposed development plans that was carried out by PwC. Here are the main findings for the economic impacts of the current golf course:

In the event that the golf course is developed, the following economic impacts are expected:
 

The ongoing economic benefits from the operation of the Golf Course are significant. Meanwhile, the overall benefit to the financial status of Oakville is marginal. It seems that the economic analysis affirms that maintaining the golf course would be better than replacing it.