Connect with us

Published

on

The influx of wealthy New Yorkers and Californians who relocated en masse to Florida have driven up the price of golf club memberships with some Miami area locations charging six- and seven-figure fees.

Luxury golf clubs in South Florida have in some cases doubled and tripled their membership rates since the pandemic, according to Financial Times.

A hedge fund investor who plays golf in the area told the publication that there is fierce competition in what has evolved to be an “access to luxury golf arms race.”

Of the more than 545,000 people who left New York State in 2022, more than 91,000 relocated to Florida that same year, many of them looking to escape high taxes and draconian COVID-era lockdowns, according to data.

Many of them have cash to burn.

The types of people moving down there are used to getting their way and having access to the best of the best,” the hedge fund investor said.

“Then you tell them Congratulations, you moved to Palm Beach, you cant be a member of any of the old-school clubs because the wait-list is 10 years long.”

The price surge is coinciding with a rising demand for membership, which has created a backlog that has kept A-list celebrities waiting.

DJ Khaled has reportedly been trying to gain membership at the exclusive La Gorce Country Club in Miami Beach, which charges $700,000 to join — up from $200,000 in the pre-COVID days.

Thus far, however, the record producer and disc jockey, who already has membership at Shell Bay, the north Miami Beach country club that charges $1.35 million for access, has been unable to get in, the FT reported.

The report cited data which found that the cost of membership at golf clubs in Southeast Florida has risen at more than quadruple the national rate.

The median cost of joining one of these clubs went from $120,000 in 2019 to $200,000 in 2023, according to data from Club Benchmarking, a Boston-based analytics firm.

“Country clubs are experiencing the collective rise of South Florida like many businesses. It’s simple supply and demand dynamics at play and these institutions are wise to capitalize,” Filippo Incorvaia, the founder of Miami-based FI Real Estate, told The Post.

“New Yorkers will pay to get in because it means exposure to the right people and it’s a true competition.”

Incorvaia said that a similar dynamic is playing out “at marinas, private membership clubs and even select restaurants too.”

According to FT, New York City-based real estate developer Witkoff, which also owns Shell Bay, plans to build Dutchman’s Pipe, the first newly constructed golf club in the Palm Beach area in the last 25 years.

Dutchman’s Pipe, which is slated to open on the site of the old Banyan Cay club later this year, is reportedly set to charge membership fees ranging from $300,000 to $350,000, the FT reported.

Indian Creek — the private golf club located on the Miami island that has been dubbed “Billionaire Bunker” thanks to its well-heeled residents such as Jeff Bezos, Ivanka Trump and Jared Kushner, Ken Griffin, Tom Brady, and Carl Icahn — reportedly charges $500,000 for new members.

Before the pandemic, Indian Creek’s membership fee was less than half that amount, according to FT.

The club is considering hiking membership fees even further, it was reported.

The Breakers, an elite golf club in Palm Beach, charges new members a fee of $550,000. Before COVID, the fee was closer to $300,000, the FT reported.

Emerald Dunes in West Palm Beach, which has a reported waiting list of 100 would-be members, charges a fee of $700,000 — more than double the approximate $300,000 price tag from pre-pandemic days.

The old clubs are impossible to get into,” a financier who plays at several clubs is quoted as telling FT.

“Its crazy the initiation fees that people are paying to just have a place to go to dinner or play golf.

Dutchman’s Pipe, Indian Creek and Shell Bay are all invite-only clubs where membership can be obtained only through knowing someone who is already a member.

Paul N. Leone, the CEO of The Breakers Palm Beach, told The Post, “A direct comparison cannot be made between pre- and post-pandemic fees, as the fee structures for membership changed.

The club does not publicly disclose details on membership fees and pricing, he added.

The Post also sought comment from DJ Khaled, Shell Bay, Witkoff, Indian Creek, La Gorce and Emerald Dunes.

Continue Reading

Entertainment

‘Beloved and inspirational’ author Joanna Trollope dies

Published

on

By

'Beloved and inspirational' author Joanna Trollope dies

Author Joanna Trollope has died aged 82, her family has said.

Trollope was one of the nation’s most widely read authors, having published more than 30 novels during a career that began in the 1970s.

Her novels include “Aga sagas” The Rector’s Wife, Marrying The Mistress and Daughters-in-Law.

In a statement, Trollope’s daughters Antonia and Louise said: “Our beloved and inspirational mother Joanna Trollope has died peacefully at her Oxfordshire home, on December 11, aged 82.”

Trollope with Queen Elizabeth II in 2001. Pic: PA
Image:
Trollope with Queen Elizabeth II in 2001. Pic: PA

Her literary agent James Gill said: “It is with great sadness that we learn of the passing of Joanna Trollope, one of our most cherished, acclaimed and widely enjoyed novelists.

“Joanna will be mourned by her children, grandchildren, family, her countless friends and – of course – her readers.”

Trollope was born in Gloucestershire in 1943. She won a scholarship to study at the University of Oxford in the 1960s.

After graduating, she joined the Foreign Office before training as a teacher and then turning to writing full-time in 1980.

The author was best known for her novels set in rural middle England and centred around domestic life and relationships.

Her early historical romances were written under the pseudonym Caroline Harvey, before she turned to contemporary fiction.

Her work tackled a range of topics from affairs, blended families and adoption, to parenting and marital breakdown.

Trollope with shortlisted novels for the Orange Prize for Fiction. Pic: PA
Image:
Trollope with shortlisted novels for the Orange Prize for Fiction. Pic: PA

Trollope also took part in The Austen Project, which saw six of Jane Austen’s novels retold by contemporary writers.

She wrote the first book in the series, Sense & Sensibility, published in 2013.

Read more from Sky News:
Man found guilty of murdering wife in rare retrial

UK ‘rapidly developing’ plans to prepare for war

In 1996, Trollope was awarded the Order of the British Empire (OBE) for her services to literature and later made a Commander of the Order of the British Empire (CBE) in 2019.

She won the Romantic Novel of the Year in 1980 for the book Parson Harding’s Daughter and in 2010 was given a lifetime achievement award from the Romantic Novelists’ Association (RNA) for her services to romance.

She went on to chair a number of award ceremonies, including the Costa Book Awards, formerly the Whitbread Prize, as well as the BBC National Short Story Award and the Orange Prize for Fiction.

Continue Reading

Entertainment

Actor and comedian Stanley Baxter dies

Published

on

By

Actor and comedian Stanley Baxter dies

Glaswegian comic actor and impressionist Stanley Baxter has died at the age of 99.

Baxter was bold enough to mimic the Pope and even the Queen and sent up his native city with comic routines based on Glaswegian patois.

The Scot received several awards during his career, including a lifetime achievement award at the British Comedy Awards and two TV tribute programmes.

His friend and biographer Brian Beacom said the TV star died on Thursday in a north London care home for entertainment figures.

He had lived in the home, Denville Hall, since late 2023 and was a few months away from celebrating his 100th birthday.

Pic: PA
Image:
Pic: PA

Baxter’s TV shows, in which he often appeared grotesquely in drag, attracted huge audiences and marked him out as one of the funniest, as well as sometimes one of the most controversial, comics of his generation.

Baxter was also popular on the Scottish pantomime circuit, until his retirement in 1991.

Although he did emerge occasionally and briefly from retirement, he largely disappeared from show business and from the public eye.

Baxter was married for 46 years. His wife, Moira died in 1997.

In 2020, he released a co-written biography, The Real Stanley Baxter, which revealed he was gay and had told his wife before they married.

Baxter was born on 24 May, 1926 and started his career as a child actor in the Scottish edition of BBC’s Children’s Hour.

During his National Service, he developed his skills in the Combined Services Entertainment Unit.

Read more from Sky News:
Man found guilty of murdering wife in rare retrial
King to share personal cancer update in video message

He then returned to Glasgow, and later to London, where he launched a glittering career in television.

He made his debut in the BBC’s Shop Window in 1952, followed by several guest appearances in variety shows.

But it was on the satirical BBC show On The Bright Side (1959) that he was handed his major TV break.

The Stanley Baxter Show (1963-1971) cemented his reputation and propelled him to television stardom.

Scots comedian Stanley Baxter and Julie Dean, a Brian Rogers dancer, rehearsing for Stanley Baxter on Television in 1979. Pic: PA
Image:
Scots comedian Stanley Baxter and Julie Dean, a Brian Rogers dancer, rehearsing for Stanley Baxter on Television in 1979. Pic: PA

Baxter also starred in various TV spectaculars, including Stanley Baxter’s Christmas Box.

Among his most successful routines was Parliamo Glasgow, which was conceived as being written by a fictitious scholar visiting the city.

The sketch took the Glasgow patois and developed it to comic effect, such as “sanoffy cold day” for “It’s an awfully cold day”.

Stanley Baxter in 1969. Pic: Shutterstock
Image:
Stanley Baxter in 1969. Pic: Shutterstock

After his retirement, he appeared in 2004 in a series of three half-hour sitcoms for BBC Radio 4, entitled Stanley Baxter and Friends.

He also lent his voice to the animated children’s film Arabian Knight and the television series Meeow.

Baxter appeared in a number of films, including Very Important Person (1961), in which he played a fiercely nationalistic Scot.

Other film appearances included Geordie (1955), The Fast Lady (1962) and And Father Came Too! (1963).

Baxter also gained an Outstanding Contribution to Film and Television Award from Bafta Scotland in a digital ceremony in 2020.

Continue Reading

Environment

Tesla US sales drop to under 40,000 units following tax credit expiration, lowest in years

Published

on

By

Tesla US sales drop to under 40,000 units following tax credit expiration, lowest in years

Tesla’s US sales have taken a significant hit in November, dropping to just 39,800 units according to new data. This comes as the market adjusts to the expiration of the federal tax credit, despite Tesla’s attempt to mitigate the blow with more discounts.

Since the federal EV tax credit expired at the end of September, the US electric vehicle market has been in a bit of a turmoil. We expected a hangover period after the rush to buy in Q3, but the numbers for November are stark.

According to new estimates from Cox Automotive (via Reuters), Tesla sold approximately 39,800 vehicles in the US in November.

That represents a roughly 23% drop compared to the 51,513 vehicles delivered in November 2024. It is also reportedly Tesla’s lowest monthly sales volume in the US since January 2022.

Advertisement – scroll for more content

It’s important to note that Tesla doesn’t release monthly sales numbers and therefore, those are estimates based on data collected by Cox.

The drop comes despite Tesla’s best efforts to stimulate demand. Following the expiration of the $7,500 federal tax credit, the automaker launched new “Standard” range versions of the Model 3 and Model Y in October, priced roughly $5,000 lower than the previous base models to offset the loss of the incentive.

Those vehicles are expected to start more meaningfully contributing to sales next year.

However, Cox Automotive suggests this strategy could have a minimal impact. Stephanie Valdez Streaty, Cox’s director of industry insights, noted:

“The drop certainly shows there is not enough demand for the Standard variants that were supposed to boost sales after the tax credit expiry. What’s also happening is Standard sales are cannibalizing into sales of Premium versions, especially the Model 3.”

While a 23% drop looks bad on paper, it is worth noting that Tesla is actually weathering the storm better than the rest of the EV market.

Overall US EV sales reportedly plummeted by over 41% in November. Because Tesla’s decline was less severe than its competitors, the company actually saw its market share increase to 56.7%, up from 43.1% a year ago.

Most other automakers relied heavily on the tax credit to move their electric inventory, and without it, they are seeing demand evaporate much faster than Tesla.

Electrek’s Take

It’s sad to see. Elon Musk, Tesla’s CEO, pushed for this to happen, and he always said that he believed Tesla would fare better than other automakers without the tax credit. He was right. The sad part is that it goes completely against Tesla’s mission to accelerate the advent of electric transportation.

Tesla used US incentives as a ladder to reach volume production, and as soon as it did, it pulled the ladder behind it so others couldn’t use it.

What a shame.

And all for what? To be a bigger fish in a smaller pond? Because that’s only going to work in the US. In Europe and China, Tesla’s sales are declining, while other automakers’ EV sales are surging.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending