- Associated Press - Thursday, November 5, 2015

TACOMA, Wash. (AP) - According to financial statements, the U.S. Open has exceeded expectations in terms of bringing money to Pierce County.

The News Tribune of Tacoma reports (https://bit.ly/1NSiAT4 ) that a financial summary presented to the County Council on Tuesday shows the county netted $1.1 million after subtracting costs tied to hosting the week-long championship at Chambers Bay golf course.

Total revenues received were over $5 million, but the county had roughly $4 million in expenses on security, course preparations and other costs.

Of that money, $980,000 will go toward repaying an interfund loan it used to make debt payments on the golf course. The rest of the money will go to a golf course reserve fund dedicated to cover operating expenses at Chambers Bay.

___

Information from: The News Tribune, https://www.thenewstribune.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide