The PGA of America is transferring its headquarters from Palm Seashore County, Florida to Frisco, Texas, the ‘2018 Finest Place to Stay in America,’* the place it would anchor a 600-acre, mixed-use improvement with an preliminary funding value greater than half a billion {dollars}.
Immediately’s announcement follows votes by the Frisco Metropolis Council, its Financial and Group Growth Companies and the Frisco Unbiased College District (FISD) board of trustees. The PGA of America will initially make use of at the very least 100 folks on the Frisco-based headquarters. Underneath this settlement, two PGA Championships, two KPMG Ladies’s PGA Championships and probably a Ryder Cup shall be held in Frisco.
This groundbreaking settlement is estimated to have an financial influence of greater than $2.5 billion over the following 20 years based mostly on a metropolis commissioned tourism feasibility research.** The research thought-about the economics of golf course actions, together with tournaments, plus the extra influence from the brand new convention middle.
The PGA of America is teaming with Omni Stillwater Woods (OSW), a three way partnership led by Omni Lodges & Resorts with Stillwater Capital and Woods Capital; the Metropolis of Frisco, in addition to its Financial and Group Growth Companies; and the Frisco Unbiased College District.
“Our transfer to Frisco shall be transcendent for the PGA of America,” mentioned Seth Waugh, CEO, PGA of America. “All the pieces nice begins with a dream. That is the start of a daring, new journey as we convey collectively world-class companions in a world-class location – to ship revolutionary and differentiated experiences for our practically 29,000 PGA Golf Professionals, golfers of all talents and our workers.”
Two championship golf programs, a brief course, and apply areas totaling 45 holes; a clubhouse; Class AA workplace house; a 500-room Omni resort and 127,000-square-foot convention middle; a technologically superior retail village; parks and open house plus a number of miles of trails, will complement this distinctive, signature improvement.
The PGA’s Northern Texas Part can even transfer to PGA Frisco, the place state-of-the-art connectivity will present alternatives to pilot promising new growth-of-the-game programming for all 41 Sections of the PGA of America.
A welcoming gateway at Frisco’s northern border, the upscale improvement shall be situated at Rockhill Parkway and Legacy Drive, roughly one-third of a mile south of U.S. 380. The 600 acres are primarily located inside 2,500 acres being grasp deliberate by Hunt Realty Investments. The event shall be open to the general public, in addition to golfers.
The complete venture can have an preliminary, estimated public-private funding totaling greater than $520 million. The PGA of America will make investments $30 million to construct its 100,000-square-foot world headquarters and schooling facility. OSW will make investments $455 million to buy the land, assemble the resort, convention middle, retail house, parking amenities, and golf programs. The golf course, membership home, apply areas and related public amenities shall be owned by town. Greater than 300 FISD highschool golfers will apply on the facility on a weekly foundation.
The settlement requires the Metropolis of Frisco and its improvement firms (every funded by a half-cent of Frisco’s gross sales tax) and FISD to contribute not more than $35 million towards improvement of the general public amenities (Metropolis of Frisco, $13.three million; Frisco Financial Growth Corp. (FEDC), $2.5 million; Frisco Group Growth Corp. (FCDC), $13.three million; and FISD, $5.eight million).
The Metropolis of Frisco can even present efficiency incentives, which embody a portion of resort occupancy, combined beverage, gross sales and property taxes generated by the resort and related retail on the positioning for a 20-year-period. These efficiency incentives are estimated to whole between $52 million and $74 million. Moreover, the State of Texas will contribute all of the resort and gross sales tax, together with a portion of combined beverage tax collected on the venture for 10 years. The state grant whole, supplied by way of Chapter 351 incentives, is valued at greater than $62.5 million over 10 years.
FEDC can be investing $14.three million over a 15-year interval for the PGA of America’s headquarters relocation, job creation and PGA match incentives.The preliminary 25-year settlement requires the land and convention middle to be publicly owned by the Metropolis of Frisco and operated by OSW, which pays $100,000 a yr in hire to town. That lease will enhance two % after the fifth yr of the event settlement. OSW is liable for all upkeep and capital bills whereas retaining revenues. Omni Lodges & Resorts will personal and function the resort.
“For years, the PGA of America has served its membership all throughout the nation the place they have interaction their native communities, and assist to lift over $four billion yearly,” mentioned Governor Greg Abbott. “The choice to relocate their headquarters to Texas due to our business-friendly local weather is a welcome one. I thank the PGA of America for the brand new jobs and funding that they are going to convey to the Metropolis of Frisco, want them continued success, and welcome them to the Lone Star State, the house of champions.”
“Immediately is each historic and transformational for the Metropolis of Frisco,” mentioned Mayor Jeff Cheney. “Not solely will this signature improvement change the way forward for Frisco’s northern panorama, it would rework the game, rising a brand new era of execs, followers and golf lovers. As Sports activities Metropolis, USA, we’re thrilled to companion with one other world-class model just like the PGA of America. We’re additionally honored Omni is, as soon as once more, committing such an enormous funding in our neighborhood, recognizing the potential to develop leisure, tourism and financial improvement in one of many fastest-growing cities in America.”
“Partnering with the PGA of America and Metropolis of Frisco to construct a model new, luxurious golf resort in north Texas is an unprecedented transfer within the strategic progress of our firm,” mentioned Blake Rowling, president of TRT Holdings, Inc., guardian firm of Omni Lodges & Resorts. “Omni is thought for its elevated service and facilities, together with golf, and this resort, alongside the headquarters of the PGA of America, guarantees to be a first-class improvement that can entice 1000’s of individuals per yr.”
“It is a large alternative for all of North Texas,” mentioned Robert Elliott, co-founder, Stillwater Capital. “Stillwater Capital is proud to play a component in conceiving and delivering a grand imaginative and prescient for this distinctive improvement.”
“That is one more instance of the general public entities in Frisco coming along with non-public companions to offer unprecedented experiences for younger folks,” mentioned John Classe, Frisco ISD College Board President. “The alternatives accessible to college students in Frisco ISD are merely unmatched in Texas and throughout the nation. We’re enthusiastic about what this partnership means, not only for our college students, however the neighborhood.”
“As co-developers of Fields, Hunt Realty and Karahan Corporations, together with our buyers, are dedicated to making a world-class, mixed-use deliberate neighborhood with the two,500-acre Fields improvement, and we’re proud to have facilitated the land sale for the brand new premier Omni Resort, PGA of America headquarters and championship golf,” mentioned Chris Kleinert, President of Hunt Realty Investments. “We’re thrilled to play a component on this transformational venture in Frisco, and we welcome the PGA and its staff to Fields.”
The golf programs are anticipated to open in summer season 2022. The resort, conference middle, and different amenities are anticipated to open inside six months of that date. The event will host the KitchenAid Senior PGA Championship in 2023.
*Cash Journal named the Metropolis of Frisco the “2018 Finest Place to Stay in America”.**Financial influence research for the proposed resort and conference middle. Resort & Leisure Advisors, October 2017 research.
SUPPLEMENTAL QUOTES
SETH WAUGH, CEO – PGA of America “We welcome the chance to develop friendships and partnerships with the neighborhood and its residents, in addition to throughout North Texas and all through the state. We’re grateful to the Metropolis of Frisco, the State of Texas and Omni Stillwater Woods for embracing our imaginative and prescient of making a transformational headquarters that, along with our world-class companions, helps us advance our mission of serving our Members and rising the sport,” mentioned Seth Waugh, CEO, PGA of America.
RON PATTERSON, president, Frisco Financial Growth Company”Having one other company presence, particularly one with such a nationally and internationally acknowledged model just like the PGA of America, continues to boost Frisco’s popularity as probably the most sought-after sports activities and enterprise environments in the US,” mentioned Ron Patterson, president, Frisco Financial Growth Company. “The PGA will convey extra jobs, in addition to quite a few PGA tournaments, to Frisco. Moreover, the PGA turns into the eighth skilled sports activities group to be headquartered within the metropolis.”

About Omni Lodges & Resorts
Omni Lodges & Resorts creates real, genuine visitor experiences at 60 distinct luxurious inns and resorts in main enterprise and leisure locations throughout North America. With greater than 25 iconic golf programs and 16 award-winning spas featured in dynamic locales nationwide, each Omni proudly opens its doorways to share the true spirit of its vacation spot. Mirrored by way of native coloration, personalised service, distinctive wellness choices, signature eating places and artistic culinary choices, Omni leaves a long-lasting impression with each visitor and a heightened degree of recognition and rewards delivered by way of its Choose Visitor loyalty program. As a founding member of the World Resort Alliance, Choose Visitor is additional expanded by way of the DISCOVERY® loyalty program providing members extra world advantages. Omni is dedicated to lowering starvation and is on a mission by way of its Say Goodnight to Starvation initiative to offer thousands and thousands of meals annually for meals banks to feed youngsters, households and seniors in communities during which it operates. For info or to ebook lodging, go to omnihotels.com or name 1-800-The-Omni.