Huddle Up • 158 implied HN points • 11 Mar 26
- The PGA Tour bought cheap Florida swampland to build a public flagship course, giving it control of a major event venue instead of depending on private clubs.
- By owning and operating TPC Sawgrass and a network of TPC courses, the Tour diversified income with greens fees, tickets, merchandise, and concessions, creating a business that now makes over $150 million a year.
- Developing the course as an anchor project boosted nearby real estate values and turned a $1 land deal into a scalable real-estate and events business.