The mention in the Wall Street Journal was not positive at all; it noted that Austin TX was requesting $886,000 for a "frisbee golf course" and included a picture of what I think was an old Wham-o Masters frisbee (about 35 years old). The implication was of course that frisbee sports are kind of silly. I'd love to hear the story behind the $886,000 though - that's got to be the most expensive disc golf course ever!
The course was supposed to have a big proshop which probably took up a lot of the costs. At least building that would help the contractors, architects, plumbers, electricians, lumber companies, painters, etc.