The PGA Tour’s upcoming 2022 Wells Fargo Championship will generate about $28 million of economic output for Montgomery County, according to a new report.
The Wells Fargo tournament is scheduled to take place May 5-8 at TPC Potomac at Avenel Farm. Visitor spending from the 2022 event “that would not have occurred but for the tournament” is forecasted at more than $17 million, mostly from overnighters who would buy lodging, entertainment, gas, etc., according to an assessment prepared by Baltimore’s Sage Policy Group Inc. commissioned by the Montgomery County Economic Development Corp., among other organizations. Operational and capital spending to prepare the venue is forecast to generate another $11 million in economic activity.
Montgomery County hopes hosting such tournaments will “attract a larger slice of a rapidly expanding [golf] industry,” according to a new economic assessment commissioned by the Montgomery County Economic Development Corp., among other organizations.…
Read the full story from the Washington Business Journal.
