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.
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.