The Golf Economy: Dallas Charity Tournaments Of All Sizes Represent A Major Revenue Source
DALLAS – The HP Byron Nelson Championship attracts scores of world-class golf professionals to Dallas, representing a major revenue source for charities in addition to stimulating significant tourism spending, but it’s just one of hundreds of area golf tournaments that promote the North Texas economy and generate millions of dollars for worthwhile causes.
Guests on the most recent broadcast of the KRLD 1080 AM “Pulse of the City” radio show, sponsored by the Dallas law firm Munck Wilson Mandala, detailed the surprising economic impact of golf in North Texas, as well as the ambitious plans for the new Trinity Forest Golf Course in the city’s southern sector.
Last month, officials with the HP Byron Nelson Championship announced the tournament’s move to the Trinity Forest course in 2019, representing a significant coup for the course and an indicator of the progress being made in the economically challenged southern Dallas region, said Dallas Mayor Mike Rawlings.
“It’s a great day for the city of Dallas,” Mayor Rawlings said. “To have world championship golf being played in South Dallas, no one would have ever believed it. It shows that we are growing south and we are growing the whole city.”
Incoming Byron Nelson Chairman Patton Chapman said events such as the Nelson tournament represent a year-round effort that involves numerous businesses and sponsors to the benefit of the entire region.
Revenue from the Nelson tournament allows Dallas’s Salesmanship Club to fund education and mental health programming for deserving children and families, said Salesmanship Club Executive Director Michelle Kinder.
Beyond the Byron Nelson Championship, smaller tournaments such as the upcoming Cliff Harris JDRF Reunion Golf Classic represent major fundraising opportunities for many charities, including the Juvenile Diabetes Research Foundation, said Dave Johnson, president of the JDRF’s Dallas Chapter and president and CEO of Aimbridge Hospitality.
“Pulse of the City” is a weekly roundtable radio program devoted to current events with a special focus on issues and opportunities associated with North Texas and Downtown Dallas. Moderated by CBS/KRLD assistant news director Matt Thomas joined by John Crawford, President and CEO of Downtown Dallas Inc., the weekly KRLD 1080 AM program is broadcast Sundays at 9 a.m. and can be heard on demand at http://www.munckwilson.com/media-center/pulse-of-the-city or http://dfw.cbslocal.com/category/watch-listen/pulse-of-the-city/.
Munck Wilson Mandala is a technology-focused law firm with offices in Dallas and Marshall, Texas, with an emphasis on patent, trade secret and other intellectual property disputes. The firm offers full-service counsel in the areas of intellectual property litigation, complex commercial litigation, intellectual property portfolio development, corporate transactions and securities, and employment law. Munck Wilson Mandala represents clients from start-ups to Fortune 50 companies. Learn more about the firm at http://www.munckwilson.com.
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