The ABC brings word that the Southern Cross Club has had enough of the Phillip Pitch and Putt and is closing it down:
The Canberra Southern Cross Club says it has lost $350,000 on the venture over the past two years.
An unsuccessful attempt was made two years ago to develop the site into a gym and hotel.
Chief executive Greg Mitchell says the club will now consider other business options for the Pitch and Putt course.
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Regardless of the business realities (it’s not hard to make a loss if you want to) it really is far too much inner city real estate for a low value business.