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 | dr. Falk Billion independent golf course valuer |
| Falk is a geographer and regional planner by training. He wrote his doctoral thesis on recreational behavour and leisure facilities planning in 1975. His professional career led him from research (project manager recreational studies, Gesellschaft für Landeskultur, Bremen) via regional planning (head of sports facilities planning, Umlandverband Frankfurt) into sports federations management (director of sports facilities and environmental concerns, German Sports Federation, Frankfurt). Falk entered the golf course business in January 1985 when became Managing Director of the German Golf Federation (DGV, Wiesbaden). From 1987 through 1991 he was General Manager of Bavaria Sport & Freizeit GmbH, Munich, a golf course development and management company (subsidiary of Arabella Hotels). During that time Falk gathered vast experience in golf course development, planning, construction, pre-opening and operation. In 1991 Dr Falk Billion decided to established his own office in Munich, Germany. To date, some 465 assignments (reports, studies, etc.) are on his track record. His clients are golf course owners and golf clubs, public authorities, land owners, banks, insurances and law courts. Main areas of his professional work are feasibility studies, market analyses, business plans, management schemes, operational reviews and consultings, and especially appraisals/valuations (100 golf course valuations so far). In 1996, Falk was the first golf course expert in Germany to be certified as Golf Course Appraiser/Valuer (by the Chamber of Commerce in Munich, Germany) and after 10 years still is the only certified golf course appraiser/valuer in Germany. Falk has published some 150 articles on golf course economics and on various management aspects of golf facilities. He is the author of the German standard book on "The Development of Golf Course Projects" (3rd edition, 2004), of the German "Golf Operations Manual" (2005) and also of the German "Golf industry Report" (2006). |