U.S. Golf Course Closures Exceed Openings for Eighth Year

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More golf courses closed than opened in the U.S. in 2013 for the eighth straight year, according to the National Golf Foundation.

A total of 14 18-hole courses opened last year, up from 13.5 in 2012, while 157.5 courses were closed during the year, three more than a year earlier, the Jupiter, Florida-based organization said in a statement on its website. The organization counts every nine holes as 0.5 of a course.