Solheim Cup: $40 Million Economic Impact
Toledo Event Breaks Tournament Records on Impact, Ticket Sales and Attendance
Toledo City Council’s Regional Growth, Development and Small Business Enterprise Committee received a report from Destination Toledo and the LPGA regarding the economic impact of the Solheim Cup Golf Tournament and surrounding events Labor Day weekend of this year.
Using a professional sports model to calculate the spending of attendees, the 2021 Solheim Cup at Inverness Club and surrounding events combined for an estimated economic impact of $40 million and over $900,000.00 in local taxes.
“I am extremely proud of the record-breaking Solheim Cup Toledo hosted. Our residents and visitors enjoyed every aspect of this amazing event,” Mayor Kapszukiewicz said. “With $40 million in economic impact, we will continue the positive momentum for years to come.”
Tournament Director Becky Newell said, “All of the sponsors, planners, volunteers and residents in Toledo contributed to the overwhelming success of the tournament. We truly set the standard for all Solheim Cup events in the future,” she said.
The Solheim Cup posed three different impact types. The calculations were modeled on a professional sporting event for etc actual tournament. A festival/concert model was used for Fan Fest events and a business and traveler impact model for the vendors. The details of the report are attached to this release.