This would be perfect if the board in their short sightness ignores the $30 million in revenue to the city and backs out. The one fact I found interesting is the PGA tour only has to pay the city $1 million per event but $500k of that has to go to the first tee program.
The city's gross is $500k but costs exceed $600k plus.
Joel, let's remember that the PGA Tour was the one who figured that the tournament brought in $ 31 million in revenue to the city. They are the same bunch that spent all that money to rennovate Harding so you should be wary of those figures.
The $ 31 million in revenue works out to almost $ 1,500 spent per fan, crew and professional golfer for the week. Since we know that a majority of the 20,000 fans were locals, they wouldn't be spending as much money on hotels and resturants, that number really climbs for the out-of-towners.
I assume the $ 31 million includes the sales and hotel taxes generated directly for the city, which is probably nets close to $ 1 million.