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A Golf Tournament’s Impact On Local Economies
Crane’s Detroit Business has an analysis of the kind of economic impact that the 2008 PGA Championship at Oakland Hills might generate for Michigan’s Economy:
The 2008 PGA Championship will have a major economic impact when it visits the south course at Oakland Hills Country Club Aug. 4-10, but just how much is up for debate. Hotels and restaurants surrounding the Bloomfield Township course figure to benefit most, but entertainment venues throughout metro Detroit, from golf courses to casinos, should also see a boost.
PGA Championship Tournament Director Ryan Cannon estimated the impact at between $40 million and $60 million. The last official study done indicated the 2004 championship generated $76 million for Wisconsin, shattering the tournament’s previous record by more than $25 million, according to a press release from Wisconsin Gov. Jim Doyle.
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