San Diego's U.S. Open Deal Worth Over $4 Million
/The San Diego City Council approved the 2021 U.S. Open for Torrey Pines in a rubber stamp procedure Monday night, reports Tod Leonard.
He also shares these financial tidbits about increases and dispersal of revenues:
In their comments before the vote, City Council members lauded the improved financial deal the city received for the ’21 Open. The USGA will pay $2.5 million – five times the amount from 2008 -- to the Golf Enterprise Fund while sharing hospitality revenue that could produce $1.7 million in revenue for the General Fund.