An update.......
FOR IMMEDIATE RELEASE
July 6, 2006
PGA TOUR ANNOUNCES PLANS TO COMMENCE TPC AVENEL UPGRADES
Future Event Options To Be Explored
(PONTE VEDRA BEACH, FL) The PGA TOUR today announced that as soon as necessary approvals are obtained, it will commence a comprehensive set of improvements to its TPC Avenel facility in Potomac, Maryland. The multi-million dollar investment will include significant upgrades to the club, including major improvements to the golf course, along with a remodeling and expansion of the clubhouse.
The TPC Avenel project is currently in the permitting phase, with work on the facility expected to begin in late 2006 or early 2007 and completed during 2008.
According to PGA TOUR Commissioner Tim Finchem, "Our goal with this significant upgrade to TPC Avenel is to ensure that it will serve as a top-flight tournament venue.
"In light of our construction timetable, and after a comprehensive review of all our options, we have determined that a TOUR event in the fall of 2007 will not be feasible," Finchem said.
"As we move ahead with our improvements at TPC Avenel, we would like to thank our fans and sponsors for their support," Finchem said. "The TOUR remains committed to the Washington, D.C. market and we look forward to returning in the future with top-level PGA TOUR golf competition."