Business View Magazine | Volume 8, Issue 12

123 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 12 NAPLES 4933 Tamiami Trail North, Suite 300 239.643.2900 OCEAN REEF 90 Fishing Village Drive 305.367.2907 www.dgarrettconstruction.com “Building Relationships for Over 40 Years” BONI TA BAY CLUB Echoing Mugavero’s point, Fung confirms they’ve always made an active lifestyle Bonita Bay Club’s top priority. It’s this very outlook that is reflected in their continued and extensive capital reinvestment into maintaining world-class golf, sporting, and fitness amenities. As Fung attests, “We firmly believe that there’s a strong need to continue to reinvest in the facility. As such, we’ve done it like no other club in America has done it; we’ve done it without burdening the membership with continued project assessments. Since the turnover happened when the members purchased the club, we’ve spent over $100 million in capital reinvestment to maintain the current facility and build new things for them. We’re currently in the process of renovating all five of our golf courses. In addition to that, we’re putting in a Golf Performance Center. We’re also planning on redoing both of our clubhouses. The data shows that the best clubs in America reinvest and increase their compounded annual growth rate at a rate that’s 5.5% or greater. We’re