LCRA study: Golf course has $8 million annual impact
Lady Bird Johnson Municipal Golf Course injects around $8.4 million annually into the local economy, according to analysis conducted by the Lower Colorado River Authority Community and Economic Development.
According to the report commissioned by the City of Fredericksburg, the economic impact of the course has “substantially improved” following the 2012 renovation of the course.
A copy of the report is available at www.fbgtx.org.
Despite rainfall limiting the number of rounds in 2014, the economic impact of the course is approximately $256,000 greater this year than in 2011, the best year prior to renovation.
Course operations account for around $2 million annually, while resident spending, both direct and indirect, also accounted for around $2 million each year.
Visitors making a day-trip to the course accounted for more than $2.5 million annually in direct and indirect spending, while overnight guests boosted the economy by around $6.5 million annually.
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