Bowling has been in a long decline. If I had money to get into the PE game, I probably wouldn't choose to invest in bowling, but hey, if someone wants to shovel a bunch of investor money into renovating bowling alleys, that can only be a good thing. The way I see it, there's two likely outcomes:

- The PE guys prove bowlings alleys aren't dead, and inject a ton of money and interest and arrest the decline, leading to a growth in the sport

- The PE guys don't arrest the decline, but end up injecting a ton of money renovating these locations, they eventually sell them at a loss to enthusiasts who now can keep these places running for a lot longer.

Either way, it's a win.

Pretty tired of the trope _PE == bad_. I wish HN could develop a more nuanced discussion of these ideas. Sometimes it's a wonderful thing to get someone else to prove viability.