Brown grass caused the PGA Tour to pull out of a historic Maui golf course, leaving a $50 million hole for the island reeling from drought, wildfires
NegativeFinancial Markets
- The PGA Tour has withdrawn from a historic golf course in Maui due to brown grass, a situation exacerbated by ongoing drought conditions and the aftermath of the 2023 wildfires. This decision leaves a significant financial impact, estimated at $50 million, on the island's economy, which is already struggling with environmental challenges.
- This development is critical as it highlights the severe consequences of climate-related issues on local economies, particularly in tourism-dependent regions like Maui. The withdrawal of a major sporting event not only affects immediate revenues but also the long-term perception of the area as a viable destination for future events.
— via World Pulse Now AI Editorial System
