You can take Tiger Woods away from the golf course, but you cannot take golf away from Woods. The 15-time major champion might not be playing these days due to health issues but his association with his beloved game has branched out in many forms. And while his new league TGL has found its third team buyer in billionare Arthur Blank, CEO of Home Depot, Woods has another great news.
Among his many ventures, the latest is a state-of-the-art miniature golf course at the Palm Beach International Airport. The course is built by the $650 million-worth miniature golf course franchise, PopStroke, backed by Woods.
Tiger Woods to invest in a golf-themed entertainment venue
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In his latest entrepreneurial venture, Tiger Woods will invest in a miniature golf course, which will be accompanied by a dining and entertainment venue. It’s going to be set up adjacent to the Palm Beach International Airport. The project will open up by 2025.
The course will feature synthetic turns along with fairways and bunkers. This will make the break time entertaining for passengers waiting at the airport. The site will have two 18-hole mini-golf courses. It will also have additional perks like jumbotron screens and music for a soothing ambiance. People will also be able to enjoy drinks through a mobile app delivery service.
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The course will also feature an open-air building with a restaurant and a rooftop pool. The site has been chosen because of its central location, where six million passengers fly from the airport annually. This is the second golf-themed entertainment venue made close to an airport. The first one is Drive Shack, which opened in 2020 at 1710 Belvedere Road.
Moreover, the venture will create employment opportunities with 100 full-time and 60 part-time jobs. Woods will be a co-owner of this project in his hometown.
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Official approval granted for Woods-backed project.
On Tuesday, the Palm Beach County commissioners gave the green light to a lease of 3.4 acres for the project to PopStroke. The will be leased for 30 years. The initial annual rent for the place will be paid, which amounts to $448,158. After that, the amount will be revised every three years depending on the differences in the consumer price index. The county will also benefit, as they will enjoy a percentage of the revenue generated.
PopStroke will also provide storage locker benefits for travelers along with free shuttle service. Being a co-owner, Woods will enjoy a large share of profit from the venue.
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