U.S. Open to bring about $100 million to five-county area
“The estimate is between about $100 and $120 million,” Stephen Mona said.
Mona, World Golf Foundation CEO, said the 113th United States Open Championship this week in Merion is expected to generate significant revenue for the five-county area – Philadelphia, Delaware, Montgomery, Bucks, and Chester.
About $70 million is direct spending, with about $1.5 million in tax revenue. This includes money from hotel rooms, restaurants, rental cars, catered events and more.
“It would be pretty evenly split (among the five counties),” Mona said.
The USGA, however, runs the merchandise tent and pays a rental fee to the course for the duration of the event. The USGA keeps all of the profits from the various concessions, including the merchandise, Mona said.
This is the fifth time the Merion Golf Club, located on the outskirts of the Main Line, has hosted the weeklong tournament. The last Open tournament was held in 1981.
Mona also spoke about Merion’s members who pay, but can’t play on their course for a month.
“You have to give them a lot of credit, because they could say this is our prime season and we have to give up our golf course,” he said.